China could retaliate against America for its treatment of Huawei in a number of devastating ways - the most likely would be to targeting US companies that do business in the region, such as Apple. Greater China ranks third among the regions that generate the most revenue for the company, behind the US and Europe.
Additionally, the majority of Apple's supply chain consists of Chinese companies that manufacture key components like sensors, OLED displays and other parts used in the iPhone.
If Apple can't rely on Chinese manufacturers, it may be forced to move to suppliers in the US or elsewhere, which could result in an increase in iPhone prices.
Additionally, some Chinese consumers have already latched onto a growing 'Boycott Apple' movement in retaliation, which means Apple may suffer lasting damage to its brand in the region as a result of the Huawei ban.
Apple isn't the only US firm that's likely to feel an impact. Tech companies that rely on Huawei as a major will also be hurt.
'The announced tariffs, if implemented, will be the gut punch for tech companies and its suppliers,' said Wedbush Securities analyst Dan Ives.
Intel, Microsoft, Qualcomm Broadcom and Micron provide components