m3n4.net
m3n4.net September 21, 2018


Trump tells Apple to move plants from China to US

11 September 2018, 01:12 | Vera Richards

The Trump administration is poised to impose 25 percent penalties this week on $200bn worth of Chinese goods

The Trump administration is poised to impose 25 percent penalties this week on $200bn worth of Chinese goods

The proposed tariffs follow 25% duties the Trump administration already has placed on $50 billion in goods from China, aimed at putting a stop to what the White House has said is China's theft of USA intellectual property, the forced transfer of American technology and cyberattacks on US computer networks.

President Donald Trump said Friday that he's prepared to impose tariffs on an additional $267 billion in Chinese imports.

Cell phones, the biggest US import from China, have so far been spared, but would be hit if Trump activates the new $267 billion tariff list.

The US government already imposed 25 percent tariffs on $34 billion of Chinese imports in July and another $16 billion last month. Because of this, the consumer will pay more for products from Apple, said the company.

"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. US stocks erased gains after Trump's remarks.

Another Trump loyalist granted immunity as prosecutors close in on Trump business
The Manafort charges stem nearly completely from his personal businesses but they came to light after he went to work for Trump . Similarly, Trump flipped from fury that Cohen's offices were raided to claiming that he and Cohen were never all that close.

"I don't think this magnitude of tariffs has been priced into the markets", Lara Rhame, chief US economist at FS Investments, told Bloomberg Television in an interview. "Lower barriers, open markets, quit stealing IP and technology", he said, using an abbreviation for intellectual property.

Signs have been growing in recent weeks that Trump wants to focus his ire on China, which he has repeatedly accused of trading unfairly.

Meanwhile, Canada's top trade negotiator said she and her United States counterpart were making "very good progress" in talks to save the North American Free Trade Agreement.

FILE PHOTO: Top White House economic adviser Larry Kudlow speaks to reporters at the White House in Washington, U.S., August 16, 2018. It brought in about $6.1 billion in revenue previous year, according to an estimate from analyst firm Bernstein.

"It's never too late to make good trade policy", Kudlow said in an interview on Bloomberg television. Such a step would significantly escalate his trade war with Beijing and would likely increase costs for a broad range of US businesses and consumers.

Arsenal boss Emery delighted with his strikers for Cardiff win
The lack of discipline from both teams could have easily been avoided. "Some special goals from them, quality goals". They know that they will be in selection in the next game , even if they did not play well this time .

We review products independently, but we may earn affiliate commissions from buying links on this page. Japan will have a "big problem" if it doesn't conclude a new trade deal with the United States, he said on Air Force One.

"I'm scared; I am overwhelmed", Mosee said.

The talks have been hung up over Canada's insistence on retaining a dispute resolution mechanism in Chapter 19, and the U.S. objections over Ottawa's tight controls over the dairy market.

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 trade war could inflict further damage if it rattles financial markets, thereby hurting business confidence and potentially discouraging investment.

New Charges In Russia Investigation Target Lobbyist For Ukraine Political Group
Manafort still faces more charges, including obstruction allegations against him and Kilimnik for alleged witness tampering. Patten was a business associate of Konstantin Kilimnik , a man US authorities said has ties to Russian intelligence.

In the letter, Apple says the tariff list "covers a wide range of Apple products and the products used in our USA operations", including the Mac Mini, Apple power adaptors, cables, the Apple Watch, the Apple Pencil and Air Pods.



Other News

Trending Now

Sacha Baron Cohen Says No More Who is America?
In a promotional video from Showtime released Sunday, Simpson appeared for a conversation with one of Cohen's characters. Sacha Baron Cohen saved pranking one of the most notorious public figures for last, interviewing O.J.

Spain start Luis Enrique reign with win in England — UEFA Nations League
And once again in a competitive fixture, England failed to beat a team regarded as one of the major nations. Gareth Southgate may have a selection dilemma ahead of England v Switzerland.

JD.com head Liu briefly held in United States for sexual misconduct
China's foreign ministry said today that its consulate in Chicago was closely following developments in the case. As JD.com aims to spread beyond Asia, Liu has lately sought to raise his profile among global business leaders.

Son doesn't have to attend military service
Son Heung-min has won gold with South Korea at the Asian Games , making the Tottenham winger exempt from military service. Son , who captained South Korea as one of the over-aged players in the under-23 competition, had a role in both goals.

Simona Halep suffers shock first-round defeat at the US Open
She pulled out of last week's Connecticut Open with an Achilles injury. "She played quarter-finals past year ", she said. Halep recovered and it appeared a comeback was on when she broke Kanepi to love to level the second set at 4-4.

Keys to face Osaka in US Open semis; Nishikori beats Cilic
Osaka was an easy victor in her quarterfinal, eliminating unseeded Lesia Tsurenko of Ukraine 6-1, 6-1 in all of 57 minutes. In the match before Nishikori's, Naomi Osaka moved into her first Grand Slam semifinal by routing Lesia Tsurenko 6-1, 6-1.

Trump intensifies trade war, threatens duties on nearly all imports from China
Trump said that if Apple wants to avoid tariffs on its products, it should make those devices in the US rather than China . And I hate to say this, but behind that is another $267 billion ready to go on short notice if I want.

Captain Marvel FIRST pictures of Kree, Skrulls, Kronan, STARFORCE and 'Photon' teaser
So far, with the first reveal just being a " Captain Marvel " cover and photos, there's nothing " break the Internet " worthy. Speaking of SHIELD, say hello to a young Nick Fury, digitally de-aged with visual effects and looking like the Samuel L.

Colton Underwood, Ashley Iaconetti and More of Bachelor Nation's Famous Virgins
The Indiana native made it all the way to hometown dates, with Becca seemingly excited about where their relationship could go. Nick in the Morning readers were teased last week about how Colton Underwood might be the new star of ABC's " The Bachelor ".

Tesla accounting chief quits over Tesla’s "level of public attention"
Musk explained that he's "not a regular smoker of weed" because he "doesn't find it's very good for productivity". After rising as high as $387, shares of Tesla have now fallen 32% to $261.