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On Monday, Bank of America's Merrill Lynch and Loup Ventures released notes explaining how Trump's proposed $ 200 billion tariff on China will affect Apple.
Apple filed a letter Friday on concerns over rates.
"It's hard to see how the tariffs that are hurting American businesses and consumers will advance the government's objectives with China's technology policies," said Apple. "Instead, we hope you will revisit these measures and look for more effective solutions that will leave the US economy and the US consumer stronger and healthier than ever before."
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