Trump tariffs are about to hit Apple fans where it hurts

Trump tariffs are about to hit Apple fans where it hurts

Trump tariffs are about to hit Apple fans where it hurts

China only buys $129 billion worth of goods from the United States of America so they can't do a tit-for-tat tariff slug on $US200 million worth of goods, so how they retaliate remains an uncertainty for stock players.

Companies reported the tariffs were pressuring profits, reducing demand for their products and driving up production costs.

On 7 September, Mr Trump said tariffs on $200bn in goods "could take place very soon" and added that tariffs on a further $267bn in goods were "ready to go on short notice if I want".

"The White House has threatened to fire the next barrage of tariffs at $200 billion more Chinese goods, expecting with this onslaught, or subsequent ones, China will wave a white flag", he said.

Stocks in Europe rose earlier as prospects for U.S.

"Tariffs are already negatively impacting USA companies and the imposition of a proposed $200 billion tranche will bring a lot more pain", Eric Zheng, chairman of the American Chamber of Commerce in Shanghai, said Thursday in a statement.

The timing and location of the proposed meeting were unclear, the sources familiar with the matter said.

"The Trump administration should not be mistaken that China will surrender to the USA demands", the newspaper said in an editorial.


That is a relatively small amount of total US-China trade, so the impact on the global supply chain, which includes manufacturing industries in Thailand, is expected to be small.

But analysts say the newest series of tariffs would be a particularly deep cut for both economies, and would likely come ahead of November midterm elections, with recent polls showing Trump and the Republican Party may be vulnerable in the House of Representatives. "The US administration will be hurting the companies it should be helping".

"Chinese officials said they have grown wary of the Trump administration's unpredictable decision-making process and may be hesitant to accept without a clear sign USA negotiators have authority to speak for the president", the original report said. They said almost one-third are thinking about canceling or postponing investment decisions.

More than half of firms say they are already feeling Beijing's wrath, with 27 percent reporting increased inspections, 19 percent feeling heightened regulatory scrutiny and 23 percent witnessing slower customs clearance.

His remarks come as China and the United States may return to the negotiating table with the threat of new USA tariffs looming.

"We support President Trump's efforts to reset US-China trade relations, address long-standing inequities and level the playing field", Zheng said. Some of them have criticized Trump's tactics but many echo US complaints about Chinese market barriers and industrial strategy.

"The Chinese side believes that the escalation of the trade conflict is not in the interest of either party", commerce ministry spokesman Gao Feng told reporters at a regular news briefing.

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