President Trump on Saturday took aim at Apple after the tech large mentioned the White House’s proposed tariffs on China may lead to worth hikes on fashionable shopper units like AirPods, the company’s wi-fi headphones, and the Apple Watch.
In a tweet, Trump mentioned there’s an “easy solution” to Apple’s potential woes that additionally got here with a tax break: “Make your products within the United States as an alternative of China. Start constructing new crops now. Exciting!”
An Apple spokesman didn’t instantly reply to a request from The Post for remark.
Earlier this week, Apple said in a regulatory filing that the president’s proposed $200 billion in contemporary tariffs on China would cowl “a variety of Apple products,” from its Mac Mini laptop to cables, chargers and laptop computer circumstances. “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,” the company mentioned.
Since then, although, Trump has threatened one other $267 billion of tariffs on China, a move revealed Friday that might cowl nearly all Chinese-made items coming into the United States.
The tariffs are prime of thoughts for Apple chief government Tim Cook, who has personally lobbied Trump for months on problems with taxes and commerce, even eating with the president and first woman Melania Trump on the White House in August. Cook’s private diplomacy stands in stark distinction to a few of his friends within the tech business, who have not engaged Trump straight — and infrequently are on the receiving end of far more aggressive tweets attacking their enterprise practices.
Apple, like different tech giants, has benefited from the final yr’s overhaul to the U.S. tax code, and the company has dedicated to returning a lot of the $252 billion in money it held overseas. In January, the company additionally introduced its “direct contribution” to the U.S. economic system by way of investments and different spending would exceed $350 billion over the following 5 years, whereas it would set up a brand new Apple campus to deal with technical assist for patrons.
Trump beforehand has claimed that Apple is constructing new crops within the United States, however the iPhone maker has not introduced any such plans.