When US President Trump first tossed out the idea of starting a trade war with China, there was a serious chance those taxes would impact the prices of gadgets in the US. "Start building new plants now", Trump wrote. "Exciting!" Trump said Saturday in a tweet aimed at the Cupertino, California-based company.
He said Friday that tariffs on another US$200 billion in Chinese goods are "in the hopper" and "could take place very soon". The company has not announced plans to move manufacturing from China to the U.S.
The White House has accused China of stealing USA intellectual property and forcing American companies to share their technology with Chinese companies. The Trump administration has also called on China to allow US companies greater access to Chinese markets and to cut its USA trade surplus.
The company said tariffs would hit "a wide range of Apple products, " including computers, watches, adapters, chargers and tools used in its US manufacturing, fix and data centers.
Last night Apple warned that the threatened tariffs would hit "a wide range of Apple..."
"Semiconductors are America's fourth-largest export, and our industry has a global trade surplus of over $6 billion and a surplus with China of close to $2 billion in 2017", Intel's letter said.
And wouldn't you know it, after seeing an outline of products that would be hit by the U.S. government's 25 per cent tax on $US200 billion-worth ($280 billion-worth) of imported Chinese tech, Apple penned a letter to the United States Trade Representative essentially saying, "Hey, would you not?"
Many Apple accessories, such as mice, keyboards, chargers and even leather covers for iPhones and iPads would face tariffs, Apple said.
Cook has, so it seems, changed his mind, and Trump threatened to impose another set of tariffs on top of a proposed $200 billion.
While Apple did not offer an estimate of how much Trump's China tariffs would increase costs of production, the company argued that the tariffs will only hurt American consumers and companies, without curbing China's technology policies. However, China's imports from the United States are $200 billion a year less than American imports from China, so it would run out of room to match US sanctions.