Apple Says Trump’s Tariffs Will Reduce Its Economic Contributions and Global Competitiveness

Apple has urged the Trump administration not to proceed with tariffs of up to 25 percent on a fourth set of goods imported from China, which would impact nearly all of its products, including the iPhone, iPad, Mac, Apple Watch, Apple TV, AirPods, Beats, HomePod, batteries, repair parts, and more.

Apple Says Trump's Tariffs Will Reduce Its Economic Contributions and Global Competitiveness 1
In a letter sent to United States Trade Representative Robert Lighthizer [PDF] this week, Apple warned that the tariffs would reduce the company’s contributions to the U.S. economy and weigh on its global competitiveness:

U.S. tariffs on Apple’s products would result in a reduction of Apple’s U.S. economic contribution.

U.S. tariffs would also weigh on Apple’s global competitiveness. The Chinese producers we compete with in global markets do not have a significant presence in the U.S. market, and so would not be impacted by U.S. tariffs. Neither would our other major non-U.S. competitors. A U.S. tariff would, therefore, tilt the playing field in favor of our global competitors.

We urge you not to proceed with these tariffs. Thank you for your consideration of our comments.

Apple outlined many of its economic contributions in the letter, referring to itself as a “proud U.S. company” that…

https://www.macrumors.com/2019/06/20/apple-urges-against-trump-tariffs-china/

Leave a Reply

Your email address will not be published. Required fields are marked *