Published: Tue, September 11, 2018
Global Media | By Jackie Banks

Trump tells Apple to make products in US to avoid China tariffs

Trump tells Apple to make products in US to avoid China tariffs

Apple Inc. said proposed USA tariffs on $200 billion of Chinese goods would affect its watch, wireless headphones and other products, the first time the company has detailed specific damage that could potentially hit its hardware lineup stemming from the trade battle. "We will evaluate the comments and we will make a decision" in terms of the volume, tariff rate and timing, he said in an interview with Bloomberg TV. An opportunity could take place when world leaders gather at the U.N. General Assembly in NY this month and the Group of 20 summit in Argentina in November, he said.

"Make no mistake about it: Not only Rockland's business, but its very existence is imperiled by unfair Chinese trade practices and the harm will cascade down the US supply chain", Berman said.

The world's largest trading nation got off to a strong start this year, but its economic outlook is being clouded by the rapidly escalating US trade dispute and cooling domestic demand.

However, since China's political leaders have adopted that strategy, it is contributing to the appearance of slow growth in the country's economy from this particular data series.

So far this year, USA imports from China are running roughly 8 percent higher than during the same period in 2017.

A public comment period on the new $200 billion list expired Thursday. As of Friday morning in Washington, the White House had made no announcement. China will wait until internal pressure builds on Mr Trump, analysts say. "It's time to stop".

"To a certain extent it's going to be up to China". Trump has set the stage for tariffs on another $200 billion in Chinese imports, which could happen any day.

AirPods headphones, some of Apple's Beats headphones, and its new HomePod smart speaker also face levies as part of proposed 10 per cent tariffs on US$200 billion worth of Chinese goods, according to an unsigned letter the company submitted on Wednesday to United States officials as part of a public comment period. In turn, those companies could be forced to raise prices or lay off workers to control costs. He suggested that there could be no tax - it's not clear if he just means this particular tariff - and that there could be tax incentives for relocating.

The Trump administration recently reached a deal with the government of Mexico on renegotiating the North American Free Trade Agreement, and it continues its talks with Canada towards the same goal. U.S. companies have warned that the tariffs, which would cover a huge range of industrial and consumer goods, would cause costs to increase.

Monday Rally Comes Up Short — TT Postscript
He had his fourth back surgery in April of last year, and at this time last year he had just been cleared to chip and putt. The 38-year-old narrowly missed a putt for par though, leaving the pair level on 20-under and forcing the additional hole.

Mueller Will Accept Written Answers From Trump About Russian Collusion
Jay Sekulow, counsel to the president, said: "We continue to maintain an ongoing dialogue with the Office of Special Counsel". The question of whether Trump will submit to an interview has been a long-running debate inside the president's legal team.

Elon Musk apparently smoked marijuana in live podcast; Tesla stock down
Although he later announced that Tesla would remain a publicly traded company to appease shareholders, that tweet spurred the U.S. Musk said he was not as anxious about artificial intelligence than he was previously after "taking a more fatalistic attitude".

He pointed out that 23 per cent of the impending tariffs on US$200 billion of Chinese imports targeted consumer products.

What was most notable about the letter is the fact that the iPhone was not listed in the products that would be affected by the tariff proposal. Last year, the USA imported $505 billion in goods from China. Germany's DAX fell 0.3 percent to 11,927, after the country's trade surplus dipped to four-year low.

Professor Yu Miaojie, deputy dean of Peking University's National School of Development, also felt that tariffs on US$267 billion of Chinese goods would be quite unlikely.

Other tech companies have expressed concern, too.

Still, Berman was not wholly opposed to the Trump administration using tariffs as a tool.

"The end game in the U.S". China has warned that it would retaliate with import taxes on $60 billion worth of USA goods.

Lighthizer has been trying since last week to reach a deal with Canada on a revised North American Free Trade Agreement with Mexico, and he heads to Brussels on Monday to meet with European Union officials to discuss the outlines of a trade deal announced in late July. The president says the tariffs are needed to force China to stop stealing USA technology and coercing US companies to surrender their trade secrets in return for access to the Chinese market.

"If USTR were to impose a 10-25 percent additional duty on networking products and accessories, it would cause broad, disproportionate economic harm to USA interests, including our companies and US workers, our customers, US consumers, and broader USA economic and strategic priorities", the letter reads. At some point, the duties will start to hurt American companies, she said.

"Nobody has ever done what I've done", he said.

Like this: