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US President Donald Trump on Saturday pitched what he called an “easy solution” for Apple to avoid his proposed tariffs on China: Make the products in the United States. Trump acknowledged in a tweet that “Apple prices may increase because of the massive Tariffs we may be imposing on China”, but suggested the issue was […]
Trump acknowledged in a tweet that “Apple prices may increase because of the massive Tariffs we may be imposing on China”, but suggested the issue was not with the tariffs themselves, The Hill reported.
“There is an easy solution where there would be ZERO tax, and indeed a tax incentive. Make your products in the United States instead of China. Start building new plants now. Exciting!” Trump wrote.
The president’s comments came after Apple warned this week that Trump’s proposed tariffs on $200 billion worth of Chinese goods would affect a host of its products, including Apple Watch and Apple AirPods.
“It is difficult to see how tariffs that hurt US companies and US consumers will advance the Government’s objectives with respect to China’s technology policies,” Apple said in a letter to US Trade Representative Robert Lighthizer.
“We hope, instead, that you will reconsider these measures and work to find other, more effective solutions that leave the US economy and US consumer stronger and healthier than ever before,” it added.
Apple CEO Tim Cook has previously voiced optimism that Trump’s trade measures would not impact the price of the iPhone, which drives the majority of the company’s profits.
Trump met with Cook last month amid rolling discussions on his tougher trade measures, touting that the Apple chief “is investing big dollars in USA”.
The president told reporters Friday on Air Force One that imposing tariffs on $200 billion worth of Chinese products “will take place very soon depending on what happens”.
Trump stated that he was prepared to slap another $267 billion in tariffson Chinese products, beyond the $200 billion he has already promised.
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The head of the National Petrochemical Company (NPC) Morteza Shahmirzaei says that over 97 petrochemical facilities are operating across Iran
The head of Iran’s Power Generation, Distribution, and Transmission Company (known as Tavanir) has said the country is able to export renewable electricity to four neighboring countries, IRNA reported
Iran’s oil production increased by 50,000 barrels per day (bpd) in April from March, the International Energy Agency (IEA) announced in its latest monthly report
Officials from Iran and Qatar emphasized the need for expanding cooperation in the field of aviation
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