An imperfect analogy, but...

Apple conserves privacy in the US by exporting privacy violations to China.

Kind of like relocating your polluting industrial processes overseas.

Funny thing is, we can assume that all the nasty stuff happens in China... but Apple is still a US company.

However Tim Cook kisses up to Trump in public is corollary to how he kisses ass in private. If Chinese iCloud servers had backdoored HSMs installed without anyone throwing a hissy-fit, imagine what kind of control the US Government has had for the past decade...