Trump's threat could lead to higher



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If you live in the U.S., be prepared to pay more for the Apple iPhone. A multi-part tweet released today by President Donald Trump (via The New York Times) revealed that starting next Friday, $ 200 billion of Chinese goods imported into the US will be taxed at a 25% rate, up from the current 10%. Trump also noted that $ 50 billion of hi-tech goods from China have been imported by the U.S. already are taxed at 25%. While the Apple iPhone and other devices have been handled, it is possible to talk about taxing hundreds of billions of dollars of additional products, possibly including the iPhone. While Apple designs its products in the U.S., they are assembled by contract manufacturers in China and imported into the U.S.
Trump could be seeking to raise the bar on China to reach an agreement with the US A negotiating team from the country will travel to Washington this week for a round of talks. This could be the last chance for both nations to reach an agreement and end up trade that has weakened China's economy. That weakness has hurt Apple's business in the country. During the company's second quarter, which ran from January through March, China's sales declined by 21.5% from $ 13.02 billion to $ 10.22 billion.

So why has Trump decided to engage in a trade war with China? The U.S. has a large trade deficit with China, and it is expected that these U.S. consumers will be able to meet the requirements of the United States. It shows the trade deficit as a scoreboard that the U.S. is losing when it comes to trade with China.

What happened to those three new Apple factories that were going to be built in the states?

The president also could lose patience with Tim Apple CEO Apple Cook. Trump has said many times that Apple needs to move production of its products to the US, and tweeted last September that Apple could avoid tariffs by moving to the US and a weird episode that has never been explained, back in June of 2017 The President said that he was told by Tim Cook that Apple would build "three big plants, beautiful plants" in the US The President said at the time that he could not say where the facts would be located, or what they would produce. There was a good reason for that; Apple denied that this conversation ever happened. But to illustrate how the president thinks, he had previously told Time magazine that he wanted to make it even bigger in the country "even if it's only a bit bigger than some place in China."

U.S. trade secrets and technology as it is doing business in China. And while there is no doubt that it is a way to go to the Chinese President Xi Jinping, the data indicates that Americans are being hurt by the price of goods. And if the iPhone ends up on the list of products getting taxed, U.S. consumers will end up paying more for the device. How much would it be more expensive? Apple would decide to eat.

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