Yes, but Foxconn is not Apple subsidiary. Apple is just one of their customers. Saying million would lose job because Apple moved out of China seems like hyperbole from the other side.

Apple is by far their largest customer.

So, what will people in the rest of the world buy then? There won't be new iphones for years, and foxconn will continue to make phones for other manufacturers, whose sales will go up.

What scenario is there that Apple couldn’t make phones in China and every other manufacturer could?

Obviously because Apple is a US company and every other major smartphone company is Asian and has a very different relation to China

Besides Samsung and Apple most of the top cell phone makers are Chinese.

http://www.mobilecellphonerepairing.com/top-mobile-phone-man...

In a trade war, those phones won’t be making it to the US.

AAPL is a good chunk of the S&P 500, close to 10% of its market cap.

I don't think a loss of value to the tune of $2.5T would go well for the US economy.

I don't think either country cares much about unemployment, but the US, at least, has a history of going to great lengths to maintain the value of its assets.

And I'm sure there are companies eagerly awaiting to get the business Foxconn turned down because Apple outbid them or made favorable agreements.

Apple revenue is $400B.

US GDP is $21,000B.

Losing 2% would hurt but it wouldn’t cripple the US.