Apple says tariffs on Chinese goods will raise prices for USA consumers

Meanwhile, Apple warned in a letter sent earlier this month to the USA trade representative that a potential new round of tariffs would "increase the cost of Apple products that our customers have come to rely on in their daily lives".

Then, after Trump started threatening his new tariffs against China, Ford decided in August that it wouldn't sell the Focus Active in the US after all. Yesterday, as the Inquisitr reported, Trump told Apple that it should make their products in the United States, and therefore bypass his tariffs.

Trump says new Chinese tariffs mean small crossover can be built in the States, Blue Oval responds with "yeah, nah". "Exciting! #MAGA", reads Trump's tweet.

According to veteran journalist Bob Woodward's new book, Fear: Trump in the White House, the president had to be persistently talked out of making drastic decisions like pulling out of the World Trade Organisation and a trade deal with South Korea. The Trump administration levied 25 per cent duties on US$34 billion of Chinese imports in July, including motor vehicles. The public had until September 6 to comment on the administration's plan. Mr. Trump insinuated in a weekend Twitter post that Ford would build the small auto in US instead of importing it from China.

But Ford had originally planned to bring the small crossover vehicle to the USA market beginning in late 2019. Make your products in the United States instead of China.

Newell Brands' units, including Goody Products and Rubbermaid Commercial Products, said tariffs on items ranging from elastic hair bands to art supplies would hurt American consumers since the tariff prices will be paid by the company and consumers.

On Sunday, President Trump welcomed the news as a positive sign. Yet that overlooks other significant costs, such as the difference in wages between the US and China. Both are core product lines for Apple. It said some of the parts it relies on for product development, including processors and research equipment, would also be hit by the tariffs.

"Basically, this boils down to how we deploy our resources".

China's integrated circuit (IC) industry grew 21 percent per year from 2013 to 2017, the Ministry of Industry and Information Technology has said, five times the global average.

Mobile phones, the biggest U.S. import from China, have so far been unaffected but would be engulfed if Mr Trump activates the $267bn tariff list.

Vanessa Coleman