Apple Will Suffer Losses Unless The U.S. Government Cancels Incoming China Tariffs
The U.S.-China trade war has already influenced many spheres of both Chinese and American economies in a bad way, however, it seems that Trump’s administration does not plan to stop. The government proposed a 25-percent tariff and global tech giants, including Apple, are not satisfied with it. Read more: Previously, the levied tariffs affected mostly Apple’s “adapters, chargers, cables, and cords,” things that do not have much impact on trading volume and annual output. Yet, in May Donald Trump, the president of the USA, announced a massive expansion of those tariffs charging a 25-percent tax almost on every category of goods (computers, smartphones, laptops). To the companies that are dependable on Chinese manufacturing powers, these changes may lead to significant losses. In this regard, Apple wrote a letter to US Trade Representative Robert Lighthizer stating that the proposed taxes would impact the devices, like iPhone, MacBook, AirPods, and Apple Watch, and therefore, would hurt Apple’s US employees and its ability to contribute to the US economy. Microsoft, Intel, HP, Dell supported Apple’s opposition to the proposed tariff and also wrote a letter to the Office of the U.S. Trade Representative. The companies write:
“The tariffs will harm US technology leaders, hindering their ability to innovate and compete in a global marketplace.”
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