The president’s tweet comes just days after Apple sent a letter to the U.S. Trade Representative raising concerns that the additional tariffs that the president proposed would be bad for business.
(MORE: China says retaliation ready if US tariffs go ahead)
Andy Wong/APA man is reflected on an advertisement for Apple’s MacBook computer on display near a shopping mall in Beijing, Sept. 6, 2018.
“Our concern with these tariffs is that the U.S. will be hardest hit, and that will result in lower U.S. growth and competitiveness and higher prices for U.S. consumers,” Apple said in its letter.
The president has called for an additional $200 billion in tariffs on products imported from China, which Apple says would impact a wide range of its products, including Apple Watch, Apple Pencil, and Air Pods, and force the company to raise prices.
In addition to anticipating a negative impact on its operations, the company makes a case for how tariffs would be detrimental to the broader economy.
(MORE: Trump’s tariffs make lumber more expensive as California recovers from wildfires)
Jonathan Ernst/ReutersPresident Donald Trump, surrounded by business leaders and administration officials, prepares to sign a memorandum on intellectual property tariffs on high-tech goods from China, at the White House in Washington, March 22, 2018.
“More broadly, tariffs will lead to higher U.S. consumer prices, lower overall U.S. economic growth, and other unintended economic consequences. As a result, tariffs will ultimately reduce the economic benefit we generate for the United States,” the company writes.
President Trump warned on Friday that in addition to the $200 billion in tariffs now being prepared, he’s also prepared to slap an additional $267 billion worth of tariffs on China if he deems it necessary.
“The $200 billion we’re talking about could happen very soon,” Trump said. “To a certain extent, it’s up to China.”
He continued: “And I hate to say that, but behind that, there’s another $267 billion ready to go on short notice if I want. That totally changes the equation.”
Sourse: abcnews.go.com
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