Trump suggests Apple build U.S. factories to keep prices down

Sunday, 09 Sep, 2018

Trump told reporters Friday that his administration was days away from imposing a new round of tariffs on imports worth $200 billion, and that it could follow up with another round of tariffs on goods worth an additional $267 billion.

Those steps include slapping tariffs on $60 billion of U.S. imports, Gao said.

China's trade surplus with the United States ballooned to a new record US$31 billion in August despite a raft of U.S. tariffs, official data showed Saturday, adding fuel to the flames of a searing trade war.

The Trump administration has already imposed tariffs on US$50 billion worth of shipments from its largest trading partner, with the US$200 billion tranche expected to come soon.

At the same time, Apple is already using components sourced from USA manufacturers in some of its products. The US imported $505 billion of Chinese products in 2017, Census Bureau figures show.

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. To a certain extent its going to be up to China, Trump said. It has also threatened to retaliate against any potential new tariffs.

Washington has long criticised China's huge trade surplus with the United States and has demanded Beijing reduce it.

"Our concern with these tariffs is that the US will be hardest hit, and that will result in lower USA growth and competitiveness and higher prices for US consumers", Apple said in a letter to the US Trade Representative's office.

Washington is demanding Beijing improve market access and intellectual property protections for USA companies, cut industrial subsidies and slash a $375 billion trade gap.

The United States has demanded that China better protect American intellectual property, cut its USA trade surplus, allow U.S. companies greater access to its markets and roll back its high-technology industrial subsidy programs.

"I can't predict the future, but I am optimistic that the countries will get through this and we are hoping that calm heads prevail", he continued. Earlier this year, the company said that as part of tax reform it would spend $350 billion in the USA over the next five years.

The U.S.'s ability to continue to dominate telecommunications technology, including the upcoming fifth-generation phone networks, will be hampered by the levy on imports from China.

"The end game in the U.S".

Wu Baiyi, director of the Institute of American Studies at the state-run China Academy of Social Sciences, downplayed any impact of a new NAFTA deal on U.S.

Apple did say its MacMini, a low-cost computer that comes without a keyboard or mouse, would be affected.