Apple says United States tariffs on China would hit 'wide range' of products

Daniel Fowler
September 10, 2018

The President is banking on the strong U.S. economy - with unemployment at record lows - to take the edge off the damage to the USA itself in the face of a trade war.

The administration could decide to begin taxing the imports - equal to almost 40 percent of all the goods China sold the United States previous year - after a public comment period ends Thursday.

"The $200 billion we are talking about could take place very soon depending on what happens with them".

"That totally changes the equation", Mr Trump said.

The tariffs would potentially hurt U.S. companies that import everything from handbags to bicycle tires.

The bestselling iPhone is not affected by the current round of tariffs but mobile phones would be covered in the $267bn of tariffs Trump suggested might be in the pipeline.

Apple voiced its concerns about these tariffs in a public filing Friday, arguing that tariffs could make a wide range of products the company is selling to USA consumers more expensive.

Mr Trump spoke yesterday as his administration prepared to apply 25 per cent tariffs to $200 billion of Chinese goods, in addition to levies that have been applied already to $50 billion of Chinese goods.

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"More broadly, tariffs will lead to higher US consumer prices, lower overall USA economic growth, and other unintended economic consequences".

Zhang said the impact from US tariffs on China's exports would likely be limited over the next few months.

Apple, in pushing back on the tariff proposal, said it bought more than $50 billion worth of components from US-based suppliers past year and that it's the largest United States corporate tax payer.

The country's trade surplus with the U.S.

Wei Jianguo, former vice-minister of commerce, said the United States is handling relations with China in an extremely high-pressure and irrational manner.

Specifically, Kudlow said, the United States was seeking "zero tariffs, zero non-tariff barriers, zero subsidies, stop the IP theft, stop the technology transfer, allow Americans to own their own companies". Apple said "it is hard to see" how tariffs would advance the government's goal.

"We will evaluate the comments and we will make a decision", Kudlow said, suggesting it could be some time before the fresh import charges will be levied. That's because the devices all use certain Chinese-manufactured electronic components that fall under the tariff list.

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

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