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

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

Trump initiated the trade war to punish Beijing for what it says are China's predatory tactics to try to supplant United States technological supremacy.

The deadline for public comment on the next wave of punitive taxes on $200 billion of annual imports from China expired Thursday, so Trump could impose the tariffs immediately.

Trump said Friday that tariffs on China worth $200 billion would "will take place very soon depending on what happens".

"To a certain extent it's going to be up to China", he said.

"That totally changes the equation", Trump said.

That list includes some consumer products, like cameras, luggage and tires and they'd be subject to tariffs of 10-25 percent. So far, he has imposed 25% tariffs on $50 billion worth of Chinese imports, while China has retaliated by doing the same on a like amount of US exports to China.

"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.

"If the US$200 billion tariffs are imposed, American consumers will see that prices of consumer goods increase significantly", he said.

"If the USA dogmatically implements any new tariff measures against China, China will have to take the necessary countermeasures", commerce spokesman Gao Feng told reporters.

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US President Donald Trump is threatening to tack import duties on $267bn of imported Chinese tech gear and other goods - on top of the $200bn already planned.

The figures were released hours after President Donald Trump threatened to slap tariffs on the totality of Chinese goods imported into the United States, worth half a trillion dollars.

In its letter, Apple argued that the way US trade officials calculate the USA trade balance - attributing the entire value of a product to a country like China where final assembly happens - fails to reflect the true value that Apple generates in the United States.

Tariffs could be used to shift negative attention away from the Trump administration, according to Height.

The company noted it spent US$50 billion with 9,000 U.S. suppliers in its most recent fiscal year, including Texas-based chip firm Finisar Corp and Kentucky-based Corning Inc.

The company is highly exposed to a trade war between the US and China.

Trump also said the United States and Japan have begun trade talks and that Tokyo "knows it's a big problem" if an agreement can not be reached.

White House Economic advisor Larry Kudlow told CNBC that talks between the US and China were ongoing.

Trump has long encouraged Apple to being the entirety of its production to the United States, though many analysts believe that the cost to do so would be enormous.

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