Trump calls on Apple to move production from China to US

Trump calls on Apple to move production from China to US

Trump calls on Apple to move production from China to US

President Donald Trump threatened Friday to slap tariffs on all of the Chinese goods imported into the United States. To a certain extent its going to be up to China, Trump said.

The new duties will start to hit consumer products directly, including furniture, lighting products, tires, bicycles and vehicle seats for babies.

The president's comments Friday came one day after a public comment period ended on his proposal to add duties on $200 billion of Chinese imports.

Apple Inc. said proposed U.S. tariffs on $200 billion worth of products imported from China will raise prices for some of its popular consumer goods such as the Apple Watch and AirPods headphones.

"That totally changes the equation", Trump said. Chinese officials may respond by subjecting American companies operating in China to unexpected tax audits, custom inspections or even consumer boycotts.

Trump acknowledged in a tweet that "Apple prices may increase because of the massive Tariffs we may be imposing on China", but suggested the issue was not with the tariffs themselves.

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Kudlow, who heads the National Economic Council, told CNBC the administration was still talking with China about trade issues but so far China had not met United States requests. "China trade war has now become even more hard to discern as both sides step up their attacks and counter-attacks", said Cornell University economist Eswar Prasad, former head of the International Monetary Fund's China division.

Mr. Trump claims that China's trade policies are unfair, including the widespread practice of requiring foreign companies operating there to share intellectual property. "In the meantime, we're taking in billions of dollars of taxes coming in from China, with the potential of billions and billions of dollars more taxes coming in". And China has vowed to hit $60 billion in U.S. products in retaliation.

While Trump was waving his proverbial stick, Top White House economic advisor Larry Kudlow made a paltry attempt to offer something of a carrot on Friday, saying that the U.S. is up for talks and that there is "constant communication". -China negotiations, saying Trump wants to push structural reform on China, not simply divert the flow of goods in bilateral trade.

"We will continue to talk to China".

Specifically, Kudlow said, the United States was seeking "zero tariffs, zero non-tariff barriers, zero subsidies, stop the IP theft, stop the technology transfer, allow Americans to own their own companies". "It's just another indication we're not out of the woods yet", she said.

"Those have been our asks for many months and so far those asks have not been satisfied", he said.

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