Trump, escalating trade war, threatens tariffs on all goods from China

Trump, escalating trade war, threatens tariffs on all goods from China

Trump, escalating trade war, threatens tariffs on all goods from China

The tweet came after Apple warned that Trump's proposed tariffs on $200 billion of Chinese-made products would affect the company.

It also said that every Apple product "contains parts or materials from the United States and is made with equipment from US-based suppliers".

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

Trump's threatened tariffs, now totalling $US517 billion in Chinese goods, would exceed the $US505 billion in goods imported from China past year.

Apple, the world's most valuable company, claims products including its Watch, AirPods headphones, HomePod smart speakers and Mac mini computers likely would be hit by the tariffs.

The White House has accused China of stealing US intellectual property and forcing American companies to share their technology with Chinese companies.

Most comments were from companies seeking to remove products from the tariff list, arguing there were few, if any alternative sources and the duties would cause financial hardship.

The presidential tweet is the latest salvo in a dispute between the Trump administration and companies that fear tariffs will hurt their business. And on September 7, he said he's ready to hit another $267 billion worth of Chinese imports with tariffs, with his underlings preparing the necessary paperwork.

"That totally changes the equation", Mr Trump said. That's because the devices all use certain Chinese-manufactured electronic components that fall under the tariff list. Among the equipment hit were a number of components and devices used by USA tech firms, including chips and networking gear produced in Chinese factories.

While no one predicted a sudden, sharp blow from USA tariffs, China's official export data has been surprisingly resilient so far, with growth exceeding analysts' expectations for five months in a row. "Recent data shows that China's foreign trade has stabilized and the growth momentum has been consolidated".

The Chinese trade gap with the United States was up from July's $28 billion and June's $29 billion.

And wouldn't you know it, after seeing an outline of products that would be hit by the USA 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?"

In addition, the tariffs will also raise the costs to run Apple's manufacturing and product fix facilities in the U.S. by placing duties on logic boards, microprocessing units, and other electronic equipment, the company said. But David French, 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.

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