Apple warns China tariffs would hurt its contributions to US economy, boost rivals [FOX Business Network]
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Source: FOX Business Network
Apple warns China tariffs would hurt its contributions to US economy, boost rivals video Apple reportedly considers shifting some production out of China Stanford School of Business lecturer Dave Dodson on reports Apple is considering moving some manufacturing out of China. Chinese-made goods Continue Reading Below In a June 17 letter to U.S. Trade Representative Robert Lighthizer, Apple said that further tariffs would affect production of all its major products, including iPhones and MacBooks, as well as accessories and products it uses to conduct repairs. MORE ON THIS “U.S. tariffs on Apple’s products would result in a reduction of Apple’s U.S. economic contribution,” the company said in its letter. “U.S. tariffs would also weigh on Apple’s global competitiveness.” The Trump administration is set to impose 25 percent tariffs on another $300 million in Chinese goods, escalating the trade conflict with Beijing after negotiations stalled between the two nations. Apple is one of the d
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AAPL
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