Apple Says Tariffs on China Will Lead to Higher Prices for Apple Watch, AirPods, More

In a letter to U.S. Trade Representative Robert Lightlizer, Apple says that the proposed tariffs on $200 billion in imports from China will affect many of its products and lead to higher prices for consumers.

Last year, the U.S. had a massive $376 billion trade deficit with China. In May, the Trump Administration announced tariffs on $50 billion in goods "as an initial step toward bringing balance to our trade relationship". China responded by matching those tariffs, leading to a U.S. proposed tariff of 10% on $200 billion in Chinese exports. That has since been escalated to 25%.

Apple argues against the tariffs claiming 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".





Share Article:
Facebook,   Twitter,   LinkedIn,   Google Plus,   Email,   Reddit,   Digg,   Delicious,   StumbleUpon

Follow iClarified:
Facebook,   Twitter,   LinkedIn,   Google Plus,   Newsletter,   App Store,   YouTube

Advertise Here