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A reconfiguration of cargo routes is underway as the trade war between the U.S. and China spills over globally, a logistics industry executive said on Friday.

“We’ve definitely seen an impact in certain trade routes,” said Alex Hungate, president and CEO of airport ground-handler and catering solutions provider SATS.

While there are “strong flows” between countries in the Association of Southeast Asian Nations and China, trade volumes in Greater China — which includes mainland China, Hong Kong, Macau and Taiwan — are “softer,” Hungate told CNBC’s “Squawk Box.”

Listed on the Singapore Exchange, SATS operates in over 60 locations and 13 countries across Asia and the Middle East.

Overall, Greater China would be the most sensitive to the trade fracas, said Hungate.

Where air freight is concerned, Vietnam is a strong performer while trading hub Singapore is “holding up pretty well,” he said, adding that growth in India is also strong.

Hungate confirmed the phenomenon of “front-loading” — where exporters benefit from increased orders before tariffs hit — as he witnessed 300 Harley-Davidson bikes lined up at a freight terminal for shipping.

In October, Harley-Davidson Chief Financial Officer John Olin said the American motorcycle manufacturer was expecting to pay at least an additional $40 million this year to cover the costs of new tariffs across the world. Harley-Davidson is doing everything it can to minimize the impact of tariffs on its profits, he said.

Markets are now keeping their eyes on a much-touted meeting later this month between U.S. President Donald Trump and China President Xi Jinping at the G-20 in Buenos Aires, Argentina for any signs of easing tensions in the trade war.

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Apple lays off over 200 from Project Titan autonomous vehicle group

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In August 2018, Apple enlisted a Tesla engineering vice president and Apple veteran, Doug Field, to lead the Titan team alongside Bob Mansfield. This week’s dismissals from the group were seen, internally, as anticipated restructuring under the relatively new leadership.

Other employees who were impacted by the restructuring of Project Titan are staying at Apple, but moving to different parts of the company.

Of late, Apple CEO Tim Cook has touted his company’s initiatives in health as the key to its future growth. “I believe, if you zoom out into the future, and you look back, and you ask the question, “What was Apple’s greatest contribution to mankind?” it will be about health,” Cook told CNBC’s Jim Cramer.

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shares jump despite disappointing earnings

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Company Vice President Sean Kim said the memory demand slowdown would be bigger than expected into the first half of 2019 due to China’s economic slowdown and the U.S.-China “trade situation,” according to Reuters.

Kim’s comments came days after China announced that the country’s economic growth in 2018 was its slowest in nearly three decades. At the same time, Beijing and Washington are attempting to strike a deal amid an ongoing trade dispute which has seen the two largest economies in the world slap billions of dollars worth of tariffs on each other’s goods.

Some analysts were not surprised by the earnings report from SK Hynix.

“(The) results were as expected,” Daniel Yoo, head of global strategy at Kiwoom Securities, told CNBC in an email.

However, he warn that both SK Hynix and its rival Samsung were likely to see their operating profit for the first two quarters of 2019 coming in “less than half of last year’s record high(s).”

Yoo’s sentiments were echoed by Sanjeev Rana, a senior analyst at CLSA.

“I think we have a little bit more pain to go for the next two quarters,” Rana told CNBC’s “Squawk Box” on Thursday.

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Huawei CFO extradition could be complicated: ex-US ambassador to China

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“Whenever a chief executive starts to voice his or her thoughts on the case, that’s a huge additional complication for the prosecution,” Baucus added. “In this case, it’s President Trump’s statement with respect to the Meng case … it makes it harder for the prosecution to get the extradition.”

Earlier this week, Canadian newspaper Global and Mail reported that the U.S. has told Canada it will formally request for Meng’s extradition — though no timeline was specified.

For its part, China has demanded the U.S. drop the extradition request. According to Canada, Beijing detained more than a dozen of its citizens after Meng’s arrest.

Baucus warned that if the U.S. extradition request is granted, it would have a major impact on the U.S.-China relationship.

The world’s two largest economies had been embroiled in a trade war in recent months, which roiled markets and sparked concerns over the health of the global economy. Late last year, Beijing and Washington agreed to a temporary pause on applying new tariffs in order to work out a mutually agreeable trade deal.

Huawei is one of China’s largest companies. The U.S. government has for years taken issue with the tech giant over its alleged espionage ties to the Chinese government and has accused the company of intellectual property theft.

— Reuters and CNBC’s Kate Fazzini contributed to this report.

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