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m3n4.net November 15, 2018


Trump intensifies trade war, threatens duties on nearly all imports from China

09 September 2018, 03:45 | Vera Richards

Screen Shot 2018 09 07

Screen Shot 2018 09 07

In a Saturday morning tweet, Mr. Trump said that if Apple wants to avoid tariffs on its products, it should make those devices in the US rather than China.

China's trade surplus with the United States ballooned to a new record US$31 billion in August despite a raft of USA tariffs, official data showed Saturday, adding fuel to the flames of a searing trade war.

Trump told reporters Friday that his administration was days away from imposing a new round of tariffs on imports worth $200 billion, and that it could follow up with another round of tariffs on goods worth an additional $267 billion.

In a letter to the U.S. trade representative Robert Lighthizer, the company said tariffs would affect the Apple Watch, AirPod headphones and Apple Pencil among other products.

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There was no indication in the comments made by Trump on Friday as to which items would be targeted in a future round of tariffs, as most seafood products imported from China already have been slapped with higher tariffs.

An Apple spokesman did not immediately respond to a request from The Post for comment.

Apple is highly exposed to a trade war between the USA and China. Make your products in the United States instead of China.

President Donald Trump took to Twitter today to call out one of the biggest tech companies in the world, Apple, the Washington Examiner reports. "Start building new plants now". China's trade surplus with the US has, therefore, risen almost 15 percent from January to August 2018.

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"The $200 billion we're talking about could happen very soon", Trump said. And I hate to say this, but behind that is another $267 billion ready to go on short notice if I want.

On Wednesday, Apple warned in a letter to the US trade representative that Apple's competitiveness could be hurt, leading to higher prices for consumers.

"That totally changes the equation", Mr Trump said.

In August 2018, the surplus was $31,05 billion, up from $28.09 billion in July.

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"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.



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