ZCZC
BCN-05
US-CHINA-TRADE-APPLE-TRUMP
Trump calls on Apple to move production from China to US
WASHINGTON, Sept 9, 2018 (BSS/AFP) – US President Donald Trump called
Saturday for Apple to make its products in the US instead of China to avoid
suffering the consequences of his trade war with Beijing.
Trump has repeatedly called for companies to move production to the United
States, or to keep it there, while pushing aggressive trade actions aimed at
narrowing the US trade deficit, which he equates with theft from Americans.
“Apple prices may increase because of the massive Tariffs we may be
imposing on China – but there is an easy solution where there would be ZERO
tax, and indeed a tax incentive,” Trump tweeted.
“Make your products in the United States instead of China. Start building
new plants now. Exciting!”
But the higher cost of wages in the United States could offset the
benefits Apple might gain by avoiding tariffs affecting its products
manufactured in China.
The Trump administration has placed punitive tariffs on $50 billion in
Chinese goods and threatened to tax all Chinese imports to the United States.
US businesses have become increasingly concerned about the tariffs, which
are raising prices for manufacturers and could hurt the economy.
But Trump has been unapologetic, insisting that his tough tactics will
work.
BSS/AFP/HR/0955