Trump Presses Apple to Shift Production to U.S.

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Apple warns President Donald Trump's proposed tariffs on China will lead to a price increase on many of its most popular products.

The company told trade officials in a letter on Friday that the proposed tariffs would affect prices for a "wide range" of Apple products, including its Watch, but it did not mention the iPhone.

The Trump administration has argued that tariffs on Chinese goods would force China to trade on more favorable terms with the United States.

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 suggestion that Apple could easily move all of its manufacturing to the USA doesn't quite match up with the realities of the consumer electronics industry, which depends on China's significantly lower wages as well as the country's massive manufacturing infrastructure.

It also said that every Apple product "contains parts or materials from the United States and is made with equipment from US-based suppliers". "Start building new plants now". "[It] could take place very soon depending on them-to a certain extent it depends on China".

Trump's threatened tariffs, now totalling $517 billion in Chinese goods, would exceed the $505 billion in goods imported from China previous year. And I hate to say this, but behind that is another $267 billion ready to go on short notice if I want.

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"Our concern with these tariffs is that the USA will be hardest hit, and that will result in lower United States growth and competitiveness and higher prices for U.S. consumers", the company said.

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

"That changes the equation", he added.

But so far China had not met the Trump administration's requests.

The White House has accused China of stealing U.S. intellectual property and forcing American companies to share their technology with Chinese companies.

"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.