Another $267B China tariffs ready to go after $200 already announced
- Author: Rogelio Becker Sep 09, 2018,
Sep 09, 2018, 1:08
This is on top of a second round of tariffs on $200 billion in Chinese goods the Trump administration is preparing, and $50 billion in tariffs that have already been imposed.
Beijing has warned that it would hit back with duties on US$60 billion in American products - a much smaller figure that shows China will not be able to match USA tariffs dollar-for-dollar.
"We will evaluate the comments and we will make a decision", Kudlow said, suggesting it could be some time before the fresh import charges will be levied.
"Tariffs increase the cost of our US operations, divert our resources and disadvantage Apple foreign competitors", the company said.
"The $200 billion we're talking about could happen very soon", Trump said.
Tech companies are also weighing in, with HPE, Cisco, Dell, and Juniper penning a letter to US Trade Rep Robert Lighthizer asking him to hold off on imposing additional tariffs on networking gear, arguing the penalties would only serve to hurt their business in the US.
The office of the USA trade representative Thursday finished accepting comments on the next round of tariffs, which could hit up to $200 billion in Chinese products any day.
Apple continued that the tariff list "covers a wide range of Apple products and the products used in our us operations".
Stocks dipped after Trump's comments became public but recovered most of their losses.
Last year, a New York University student who worked undercover in an iPhone factory reported that he made $450 per month.
"We will continue to talk to China. These are taxes and they're going to find their way into the pocket book of folks around the country", French said.
The moves would sharply escalate Trump's trade war with Beijing over his demands for major changes in economic, trade and technology policy.
However, she seemed to have a different position than Mexican Economy Minister Ildefonso Guajardo on the relationship between the NAFTA talks and the United States steel and aluminum tariffs. "Lower barriers, open markets, quit stealing IP and technology", he said, using an abbreviation for intellectual property.