PresidentDonald Trump has upped the ante in the trade dispute with China, threatening now to impose tariffs on all Chinese goods entering the United States. That represents a small portion of Apple's $229 billion in overall sales. "Exciting!" Trump said in the tweet.
Trump said Friday that tariffs on China worth $200 billion would "will take place very soon depending on what happens". He said Apple would provide public comment after evaluating the proposal. And I hate to say this but, behind that, there's another US$267 billion ready to go on short notice, if I want.
Recent progress has been made in trade talks with Canada and Mexico, an important step to prevent Chinese exporters from sending goods to neighboring countries to skirt USA tariffs.
Apple was among several tech companies to submit comments regarding the proposed tariffs.
Tim Cook, the CEO at Apple previously had brushed off concerns over the tariffs, saying that he had spoken to Trump about them and remained confident that the tariffs would not reach the iPhone.
But businesses warn there are other ways China can strike back, through regulations and other administrative means.
It said some of the parts it relies on for product development, including processors and research equipment, would also be hit by the tariffs. Doing so would escalate a confrontation between the world's two biggest economies and likely squeeze USA companies that import everything from handbags to bicycle tires.
But while moving its manufacturing operations to the United States would allow it to skip the tariffs, Apple's products likely wouldn't be any cheaper. He has pointed to the large USA trade deficit - the gap between US imports and exports - with the People's Republic as a sign of that imbalance. The letter also made no mention of Apple's iPad, which brought in US$19.2 billion in sales in the most recent year, or most of its Mac computers, which generated US$25.8 billion.
Trump said he was not prepared to make a deal with China "that they'd like to make".
"We are puzzled as to why the Administration may be using tariffs in part to re-engineer global ICT (information, communication and technology) supply chains that have served U.S. companies so well". "The traditional method of calculating the U.S. trade balance attributes the entire value of our products to the country where final assembly is located, in most cases China".
"The first few rounds of tariffs hit supply chains really hard", said Mary Lovely, an economist at Syracuse University.
What Apple actually announced in January was to contribute $350 billion to the United States economy over the next five years that includes an estimated $55 billion investment in 2018.
Del Potro beat John Isner in a match that played out as most people expected. "I'm going to remember this match, for sure". The Spaniard prevailed in four sets, but Basilashvili played an fantastic tennis hitting a lot of winners.
But Osaka was somehow able to keep her composure and she closed out the victory with Williams still unable to gather herself. Then, she broke her racket which cost her a point, and finally, her reference to the umpire as a "thief" cost her a game.
Shot back Jones, "Go back to your bathhouse". "We gotta go to the committee, you guys can talk to this clown", he said. You're not gonna silence America. "I didn't say that", replied Rubio, who tried to turn back toward reporters.
But critics say that, with many of its infrastructure projects, China is luring needy countries into "debt traps". But he added that China and Africa should work towards a more balanced trade relationship.
He enters the week 25th in the FedEx Cup standings and needs to stay in the top 30 to qualify for the Tour Championship. Woods also had a disappointing second day and slipped five shots off the lead to tied 12th after a level-par 70.
But because of her prior warning, Serena was assessed a point penalty, which gave Osaka a 15-0 lead in the 1-1 service game. The world number 26 has raised quite a few eyebrows with the level of tennis she had been playing over the last few months.
Earlier today, TMZ reported that the rapper was found dead at his San Fernando Valley home after an apparent overdose. Miller had been in a long-term relationship with Ariana Grande , which ended this past May.
Fox News reports that Elon Musk and podcast host Joe Rogan were seen on camera during an interview smoking marijuana . Elon Musk has added another bit of weird behaviour to the list by smoking a joint during a live interview .
Recently, the Texas Department of Public Safety presented a video of aviation operations at a Public Safety Commission meeting. She eventually jumps into the passenger seat of a Nissan SUV just as police arrive and block the alleged attempted carjacking.
Apple typically starts selling new iPhones a few weeks after launching them, in time for the holiday shopping season. The Apple Watch isn't an iPhone-like revenue generator, but is part of the company's growing Other Products segment.
Gordon to approach north-central Gulf late Tuesday
The Weather Prediction Center is forecasting rain totals as high as 5 inches through Wednesday morning in South Florida. As Florence spun in the open ocean, Tropical Storm Gordon approached the Gulf Coast after drenching parts of Florida.
Arizona Gov. Ducey picks Kyl to fill McCain's Senate seat
If Kyl does retire (again) at the end of this year, Ducey could appoint someone who would be able to run for re-election in 2020. One of the first votes he will cast when he is sworn in as senator will be on the confirmation of Kavanaugh to the high court.
Frank Field resigns the Labour whip
Mr Field told the Guardian that he was contemplating hiring a solicitor to fight any attempt to remove him from the party. Mr Field also hit out at his local division of the party, describing it as the second factor that drove him to quit.