Trump tells Apple to make products in US to avoid China tariffs

In this file photo taken on September 22, 2017 an Apple logo is seen on the outside of an Apple store in San Francisco, California. (AFP)
Updated 09 September 2018
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Trump tells Apple to make products in US to avoid China tariffs

  • The Trump administration has placed punitive tariffs on $50 billion in Chinese goods and threatened to tax all Chinese imports to the United States
  • US businesses have become increasingly concerned about the tariffs, which are raising prices for manufacturers and could hurt the economy

WASHINGTON: US President Trump tweeted on Saturday that Apple Inc. should make products inside the United States if it wants to avoid tariffs on Chinese imports.
The company 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, but it did not mention the iPhone.
Trump, speaking on Friday aboard Air Force One, said the administration had tariffs planned for an additional $267 billion worth of Chinese goods.
Trump tweeted that “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.”
Apple declined to comment.
The technology sector is among the biggest potential losers as tariffs would make imported computer parts more expensive. Apple’s AirPods headphones, some of its Beats headphones and its new HomePod smart speaker would also face levies.
“The burden of the proposed tariffs will fall much more heavily on the United States than on China,” Apple said in its letter.


France seeks Renault, Nissan integration: Nikkei

Updated 4 min 47 sec ago
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France seeks Renault, Nissan integration: Nikkei

  • Companies to be integrated most likely under the umbrella of a single holding company
  • Nissan ex-chairman Carlos Ghosn has been arrested and detained in Tokyo since November 19

TOKYO: A French government delegation has informed Tokyo that it would seek an integration of Renault and Nissan, most likely under the umbrella of a single holding company, the Nikkei reported on Sunday.
The delegation, which included French government-designated Renault director Martin Vial, also said that it wanted to name Nissan’s next chairman, according to the report. Nissan was not immediately available for comment.
Nissan ex-chairman Carlos Ghosn, arrested and detained in Tokyo since Nov. 19, has been indicted in Japan on charges of under-reporting his salary for eight years through March 2018, and temporarily transferring personal investment losses to Nissan during the global financial crisis. Ghosn has denied all charges.
The French government has requested Renault hold a board meeting in coming days to replace Ghosn. Finance Minister Bruno Le Maire said in a newspaper interview published on Sunday that Michelin Chief Executive Jean-Dominique Senard could be a good choice to head Renault.
“The French state, as shareholder, will have its say. What I can tell you, is that Jean-Dominique Senard has a renowned competence with regards to the automobile industry,” Le Maire told France’s Journal du Dimanche newspaper.