Trump Offers Apple An Olive Branch During Tariff Talks – China Should Be Very Afraid!
President Trump announced the biggest Tariff on China, yet, and offered Apple a way around the painful process to come. Many of Apple’s products components are made in China so it’s easy to see how this could hit them hard.
Trump offered a win-win to the tech company. By telling them to open plants in the United States he’s proposing more jobs for American’s while helping the company navigate through the financial burden those Tariffs would have.
China should be terrified. If Apple takes Trump up on his offer other companies using China for their products could follow. Imagine getting a new phone that says: ‘made in America’.
Hopefully, Apple will take Trump up on his offer before it’s too late.
Trump tweeted: “Apple prices may increase because of the massive Tariffs we may be imposing on China – but 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!”
Apple prices may increase because of the massive Tariffs we may be imposing on China – but 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! #MAGA
— Donald J. Trump (@realDonaldTrump) September 8, 2018
“Given the balance of Apple’s economic footprint, the burden of the proposed Tariffs will fall much more heavily on the United States than on China,” “Tariffs increase the cost of our U.S. operations, divert our resources, and disadvantage Apple compared to foreign competitors.”
The company in August became the first publicly traded U.S. entity to reach $1 trillion in market value, The Washington Examiner reported.
Here’s the thing, China doesn’t have much of a leg to stand on. They’re not a ‘market’ economy. The fact that their government wants to raise their Tariffs won’t really make an impact on the global market. In a return threat, China stated that if Trump raised Tariffs on China to 200 billion they would apply 60 billion Tariffs of their own.
That’s a big price gap and here is why: China can’t match the United States in Tariffs because we simply do not sell as many goods to Country. In addition to not being a market economy, the Chinese aren’t really a consumer economy, either.
They have taken advantage of the U.S. in the past because the American government wasn’t paying much attention to the Tariffs that China was imposing on the U.S. Point blank, China’s economy needs the United States way more than the U.S. needs them.
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