China is not just where the company produces its iPhones, it's a very lucrative market for the Cupertino, California-based tech company.
The Apple chief said that he doesn't want to "speculate" on how the next round of China tariffs could raise the price of iPhones.
"I'm hoping that the U.S. and China come to an agreement, and so I don't even want to go down that road right now," Cook said. "I'm so convinced that it's in the best interest of the U.S. and best interest of China, and so if you have two parties where there's a common best interest there has got to be some kind of path forward here. And I think that will happen."
Cook said he isn't concerned over Apple's relationship with China.
"China really hasn't pressured us, and so I I don't envision that," he added.
Cook added that "in terms of the Hong Kong situation, I hope and pray for everyone's safety," and "more broadly I pray for dialogue, because I think that good people coming together can decide ways forward."
Though Apple has come under fire for removing an app used by protesters in Hong Kong, Cook reiterated that Apple acts the same in China as it does in the U.S. and the EU, and won't bow to government pressure.
Cook said they have never been asked in China by authorities to unlock an iPhone, but added, referring to the U.S., "I have here."
"And we stood up against that, and said we can't do it," he added. "Our privacy commitment is a worldwide one."
“In the specific app in Hong Kong, we made the decision unilaterally," he said. "We made it for safety, and I recognize that somebody can say that is the wrong decision and so forth. We obviously get second guessed a lot when you make tough decisions on apps to be on versus off, but we made it for safety."