Dr. Sanjay Gupta’s Top Health Stories of 2025
From the resurgence of measles to a new way to treat pain, 2025 was a challenge for public health while still offering moments of hope. Sanjay…
Thought Leader: Sanjay Gupta
US-China tensions pose big economic risks because the 2 superpowers are more codependent than ever before, former SEC chief Jay Clayton says
Increasing tension between the US and China can pose huge economic risks to both countries due to their codependency on one another, according to former US Securities and Exchange Commission chairman Jay Clayton.
The two superpowers have never been this intermingled in “modern history,” he told CNBC, pointing to examples like US venture capital investments in China’s ByteDance as well as Apple’s reliance on Chinese consumers.
Apple has a tremendous influence over the market, Clayton said, making up over 7% of the S&P 500 alone.
The iPhone developer has grabbed a significant market share of China’s smartphone sales too, making up nearly 24% in the fourth quarter of 2022, Bloomberg reported in January, citing Counterpoint Research.
“Our largest, most important global company has that kind of co-dependency with China,” Clayton said on Friday. “We have to recognize that that’s a whole new world for us.”
ByteDance, the Chinese parent company of TikTok, could also be banned from the US soon, impacting some of its largest backers in the states. Private equity giants Sequoia Capital and KKR, for example, previously led ByteDance’s capital raise two years ago.
“We are deeply embedded in China. That’s where we are. That means that any kind of sharp pullback is going to have significant economic consequences,” Clayton said, adding that a “pivot has to come.”
Relevant and recent posts
Ian Bremmer: The state of global conflict in 2025
On GZERO World, Ian Bremmer takes a hard look at the biggest global crises and conflicts that defined our world in 2025 with CNN’s Clarissa…
Thought Leader: Ian Bremmer
Peter Goodman: The Messy Reality of ‘Made in America’
The construction of a giant factory complex in Arizona was supposed to embody the Trump administration’s ability to bring manufacturing back to the United States.…
Thought Leader: Peter Goodman
