Elon Musk says growing belligerence between China and the US 'should be a concern for everyone'
The situation could get serious and affect the global economy.
"The Chinese economy and the rest of the global economy are like conjoined twins. It would be like trying to separate conjoined twins. That's the severity of the situation," Musk, the CEO of electric vehicle maker Tesla, told Faber. "And it's actually worse for a lot of other companies than it is for Tesla. I mean, I'm not sure where you're going to get an iPhone, for example."
Taiwan Semiconductor Manufacturing Company, the world's largest contract chipmaker, is a key supplier to Apple.
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