Published: Mon, September 10, 2018
Money | By Michele Stevens

Trump ready to set tariffs on all goods from China

Trump ready to set tariffs on all goods from China

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 USA rather than China.

For gadget nerds, this seems like a sad and obvious conclusion to the spate of escalating tariffs that the United States and China have been slinging back and forth since Trump got all this started back in autumn.

There's no final decision on that round of tariffs as the U.S. Trade Representative's office continues to "run their process", White House Deputy Press Secretary Lindsay Walters said on Friday.

The company said tariffs would hit "a wide range of Apple products, " including computers, watches, adapters, chargers and tools used in its USA manufacturing, fix and data centers.

Shahid Kapoor and Mira Rajput welcome baby boy
Shahid Kapoor's Mausam co-star Sonam Kapoor wished new parents Shahid and Mira Rajput in the sweetest way possible. Bollywood actor Shahid Kapoor and Mira Rajput were blessed with their second child, a baby boy, on Wednesday.

Trump said Friday that tariffs on China worth $200 billion would "will take place very soon depending on what happens".

In the letter, Apple asks the United States government to "reconsider these measures and work to find other, more effective solutions that leave the U.S. economy and USA consumer stronger and healthier than ever before".

Notably, the iPhone was not cited as part of Apple's potentially impacted devices, possibly because of an exemption the Trump administration promised to negotiate on behalf of Apple earlier this year.

"The risks are real and there's increasing evidence that we're closer to more of a full blown trade war", said Bong-Seok Choi, director of research at San Francisco-based Wetherby Asset Management. Apple said "it is hard to see" how tariffs would advance the government's goal. The company said on its website that it spent over $50 billion for goods purchased from USA suppliers past year.

Why Jack Ma is retiring at 54 from Alibaba
The co-founder of $420the billion internet company, Jack Ma , has announced that he will be retiring from Alibaba on Monday. Earlier Friday, Ma said he could " retire earlier " during a conversation with Bloomberg about Bill Gates' career.

Computer and phone makers are involved in a global supply chain that includes Chinese manufacturing, and that can not be easily excluded without harm to United States companies, Intel said in a letter to the trade representative.

The public had until Thursday to comment on the administration's plan.

The Chinese trade gap with the United States was up from July's $28 billion and June's $29 billion. "Now, they've got to treat us fairly", he said, and again threatened to impose duties on cars produced in Canada.

The letter did not mention the iPhone, which accounted for about two-thirds of Apple's $229 billion in revenue in its most recent fiscal year.

6 reasons why Le'Veon Bell should hold out until Week 10
In wake of Bakari's comments, several Steelers players have called out Bell, including the guys who do the blocking for him. The Cincinnati Bengals don't have much of anything going on ahead of their Week 1 game against the Indianapolis Colts.

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 USA is up for talks and that there is "constant communication".

Like this: