Trump Calls On Apple To Move Production From China To US
US President Donald Trump on Saturday called 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.
AFP
Discover more from NEWS CORNER
Subscribe to get the latest posts sent to your email.
Warning: count(): Parameter must be an array or an object that implements Countable in /home/mynewsco/public_html/wp-content/themes/trendyblog-theme/includes/single/post-tags-categories.php on line 7
About author
You might also like
Customs intercept bulletproof jackets, drugs worth N3.6bn
The Nigeria Customs Service, Federal Operations Unit, Zone A Ikeja said it intercepted 150 cartons of bulletproof jackets worth N1.687bn. Addressing journalists in Ikeja on Thursday, the Customs Area Controller
Conflict Resolution: P4P Charges Umuagwo Community To Embrace Conflict Management Mechanisms
By ThankGod Emeh… A formidable Nongovernmental organization geared towards peace building in the South East and South South geopolitical zone, Partners For Peace in the Niger Delta (P4P) have advised
Reps Pass Electoral Act Amendment Bill Amid Opposition by PDP Lawmakers
The House of Representatives in Abuja on Friday passed the Electoral Amendment Bill, moments after opposition lawmakers walked out of the heated session at the National Assembly chambers . Nigeria’s
UEFA Champions League, Round of 16 Draw Live Updates Streaming: Liverpool vs Bayern Munich, Manchester United vs PSG
UEFA Champions League, Round of 16 draw Live Updates Streaming: The draw will be conducted at the UEFA headquarters in Nyon, Switzerland. The Round of 16 draw will be followed
SSA on Networking to Imo Governor, Adanna Chantel Interfaces With Social Media Practitioners, Urges Objectivity
By ThankGod Emeh… The SSA on Networking to Imo state Governor, Adanna Chantel has called on all media practitioners comprising journalists, bloggers, social media handlers, influencers, as well as opinion
IMSAA: Nwulu Promises Boost On Imo Govt. Revenue Base
Owerri, The Special Adviser to Imo Governor on Imo Signage and Advertisement Agency (IMSAA), Dr (Mrs) Nina Nwulu has promised to work assidously with her team to boost the revenue







0 Comments
No Comments Yet!
You can be first to comment this post!