Good point. If they're exempt from the tariffs, you might expect operating in China to be even more profitable, since the tariffs will have suppressed wages and input prices.

Definitely. Tariffs are intended to crumble any challenge to US economic supremacy. 

But companies like Apple is exempted of tariffs even if they manufacture in India or china. 

Tariffs are especially against cheaper and exclusive china or India made products. 

Coinsreporter

I have to imagine the US tariffs are also making Chinese businesses much less profitable, which would have investors seeking out greener pastures.