Trump tells Apple to move plants from China to US

Sunday, 09 Sep, 2018

An Apple spokesman did not immediately respond to a request from The Post for comment.

Speaking just hours after the period for public reactions to the $200 billion China duties list he had set ended, Trump told reporters overseas Air Force One that he was "being strong on China because [he had] to be".

Mr Trump has boasted that trade wars are "easy to win" and warned he would hit virtually all Chinese imports if Beijing does not back down and take steps to reduce its US$335 billion surplus with the US.

Mr Trump told reporters traveling with him to Fargo, North Dakota that "behind that, there's another US$267 billion ready to go on short notice if I want".

"That changes the equation", he added. Make your products in the United States instead of China.

That list includes some consumer products, like cameras, luggage and tires and they'd be subject to tariffs of 10-25 percent.

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The Trump administration has imposed tariffs of $50 billion on imports from China, mostly equipment and material used by manufacturers.

Still, Apple's business would no doubt face some serious headwinds due to possible tariffs, and Apple continued on to say: "Our concern with these tariffs is that the U.S. will be hardest hit, and that will result in lower United States growth and competitiveness and higher prices for USA consumers".

A "wide range" of Apple Inc AAPL.O products including the Apple Watch would be affected by proposed USA tariffs on Chinese goods, the company told US trade officials, but gave no sign of an impact on its iPhone cash cow.

Beyond the core products, Apple said accessories like the HomePod speaker, some Beats speakers, AirPort and Time Capsule internet routers, the Magic Mouse and Magic Trackpad, and leather cases for the iPhone, iPad, MacBook and Apple Pencil would be affected. But, as the Guardian noted, Trump's tariffs are not working.

Kudlow, who heads the National Economic Council, told CNBC the administration was still talking with China about trade issues but so far China had not met USA requests. The company said on its website that it spent over $50 billion for goods purchased from US suppliers past year. Those talks will continue to go on.

"Those have been our asks for many months and so far those asks have not been satisfied", he said.