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Trump Tells Apple To Make Products In US If It Wants To Avoid Tariffs Imposed On Chinese Imports
Apple Inc CEO Tim Cook (L) and US President Donald J Trump (R) (Photo by Chip Somodevilla/Getty Images)
President Donald Trump has asked tech-giant Apple to make products in the United States to avoid tariffs on Chinese imports, reports Reuters.
The company had earlier shared its concerns with trade officials saying tariffs on Chinese imports would affect a wide range of Apple products.
Trump had earlier said that his administration had tariffs planned for an additional $267 billion worth of Chinese goods.
Subsequently, he tweeted that “Apple prices may increase because of the massive Tariffs we may be imposing on China - but there is an easy solution where there would be ZERO tax, and indeed a tax incentive. Make your products in the United States instead of China. Start building new plants now.”
Biggest potential losers would be the technology sector as tariffs would make imported computer parts more expensive. Apple’s AirPods headphones, some of its Beats headphones and its new HomePod smart speaker would also face levies.
Apple, in a letter to the trade department, is reported to have said that “The burden of the proposed tariffs will fall much more heavily on the United States than on China.
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