Trump's comment came after Apple told U.S. trade officials on Friday that proposed tariffs by Washington in an escalating trade war with China would affect prices for a "wide range" of Apple items, including the Apple Watch.
Apple told trade officials in a letter on Friday that the proposed tariffs would affect prices for a "wide range" of Apple products, including its watch.
For now, that means Ford simply won't sell the vehicle in the United States. Start building new plants now. "Exciting!" Trump said in the tweet. The president's comment came after Apple expressed dissatisfaction with the trade war the Trump administration has been escalating with China.
The $200 billion of Chinese goods on the US list includes some consumer products such as cameras and recording devices, luggage, handbags, tires and vacuum cleaners, with additional tariffs ranging from 10 to 25 percent.
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He said he was ready to impose tariffs on virtually all Chinese imports into the United States, threatening duties on another $267-billion of goods in addition to the $200-billion already facing threatened tariffs. "Looking forward, the focus would be on how the market reacts after Apple releases its latest models", said Kevin Chung, analyst at JihSun Securities Investment Consulting.
MSCI's gauge of stocks across the globe added 0.15 percent, but it felt fragile after a sell-off in China overnight and emerging-market shares hit their lowest level in more than a year.
"Because all tariffs ultimately show up as a tax on USA consumers, they will increase the cost of Apple products that our customers have come to rely on in their daily lives", Apple wrote in the letter. "Ford is proud to employ more USA hourly workers and build more vehicles in the US than any other automaker".
Beyond the core products, Apple said accessories like the HomePod speaker, some Beats speakers, AirPort and Time Capsule internet routers, the Magic Mouse and Magic Trackpad, and leather cases for the iPhone, iPad, MacBook and Apple Pencil would be affected. The US's ability to continue to dominate telecommunications technology, including the upcoming fifth-generation phone networks, will be hampered by the levy on imports from China.
"It is hard to see how tariffs that hurt USA companies and US consumers will advance the Government's objectives with respect to China's technology policies".