Trump calls on Apple to move production from China to US

Trump calls on Apple to move production from China to US

The iPhone maker said the tariffs will eventually lead to more expensive Apple products.

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?"

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

He told reporters traveling with him to Fargo, North Dakota "behind that, there's another $267 billion ready to go on short notice if I want".

"That totally changes the equation", Mr Trump said. It makes many of its products for the US market in China, and it also sells gadgets including the iPhone in China, making them a potential target for Chinese retaliation against the Trump tariffs.

Shares of Apple closed down 0.8 percent in regular Nasdaq trade on Friday, and slipped another 1 percent in extended trading.

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For January-August, China's trade surplus with the United States was $192.64 billion, compared with about $167.94 billion in the same period a year ago.

On Friday (September 8), Kudlow also told Bloomberg the administration would consider public comments before making a final call on the 200 billion list.

Apple said the tariffs would raise the cost of its USA operations and put it at a disadvantage to foreign rivals.

AirPods headphones, some of Apple's Beats headphones and its new HomePod smart speaker also face levies as part of the proposed tariffs on $200 billion worth of Chinese goods, according to the letter submitted on Wednesday. China's trade surplus with the US has, therefore, risen almost 15 percent from January to August 2018. But David French, a top lobbyist for the National Retail Federation, whose members include, BJ's Wholesale Club and Macy's, said almost every consumer good could be affected if Trump follows through on all threatened tariffs.

"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. "However, hope springs eternal".