Despite Trump tweet, Ford says it won’t make hatchback in U.S.

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.

President Donald Trump on Sunday suggested via Twitter that American automaker Ford could begin making its Focus model in the US, and therefore circumvent his tariffs.

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.

Bob Woodward on "Fear" in the Trump White House
So we will do what we can to steer the administration in the right direction until - one way or another - it's over". Trump said, but it's more hard "when somebody writes and you can't discredit because you have no idea who they are".

Tariffs on All Chinese Goods "Ready to Go"
In addition, the chip industry is a source of trade surplus for the United States , including with China, Intel argued. Tariffs "are counterproductive and so far have only produced increased costs" for US businesses and consumers.

Andrew Luck admits to snowboarding injury in 2016
Luck threw for 4,240 yards, 31 touchdowns and had a career-high completion percentage of 63.5 during that '16 campaign. Of course, the next year he suffered a posterior labrum tear that required surgery, which has sidelined him ever since.

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".

Latest News