China's USA trade surplus hit record high in August

Apple shares drop on word tariffs could hit iPhone, Apple Watch & more

President Trump tweeted on Saturday that Apple should manufacture its products in the USA, instead of China.

China's trade surplus with the United States hit a new record in August as President Donald Trump threatened to impose tariffs on virtually all Chinese goods. He wrote: "Start building new plants now".

China has retaliated to the USA tariffs on $50 billion in Chinese imports with an equal amount of import taxes on US goods.

"Apple prices may increase because of the massive Tariffs we may be imposing on China", he said in an 11:45 a.m. tweet, while he was traveling in the presidential motorcade.

"The proposed tariff list covers a wide range of Apple products", the company said in the document.

Apple, like other tech giants, has benefited from the last year's overhaul to the US tax code, and the company has committed to returning much of the $252 billion in cash it held overseas.

"We hope, instead, that you will reconsider these measures and work to find other, more effective solutions that leave the USA economy and USA consumer stronger and healthier than ever before".

"I'm being strong on China because I have to be", Mr Trump told reporters on board Air Force One on a flight to North Dakota.

More news: Djokovic legend continues to grow following US Open triumph

But businesses warn there are other ways China can strike back, through regulations and other administrative means, or even through sales of its large holdings of US Treasury debt. In the past Trump has allegedly assured CEO Tim Cook that the iPhone wouldn't be affected, but the leader has reversed course on other promises in the past.

That's what the company told US Trade Representative Robert Lighthizer in a letter dated Wednesday, a last-ditch appeal to avoid additional tariffs on Chinese goods worth $200 billion that could go into effect as soon as Friday.

While China's trade surplus with the United States grew again, it remained stable with the rest of the world at US$27.9 billion in August.

"Risks have increased due to the negative impacts of China-U.S. trade friction".

"We are puzzled as to why the Administration may be using tariffs in part to re-engineer global ICT (information, communication and technology) supply chains that have served USA companies so well".

Apple, in pushing back on the tariff proposal, said it bought more than $50 billion worth of components from US-based suppliers past year and that it's the largest USA corporate tax payer.

That said, Apple didn't give an estimate of how much the proposed tariffs would contribute to the increased costs of its products.

Related News:

  • Could Cory Booker actually be ousted from the Senate?

    Could Cory Booker actually be ousted from the Senate?

    I am before your process is finished, I am going to release the e-mail about racial profiling, ' said Booker , a possible presidential candidate.
    Woodward's White House book a 'scam'

    Woodward's White House book a 'scam'

    For many in Trump's orbit, it was stunning to realize just how many people could have been the op-ed's author. The President believes the rapid response to the book has been handled poorly and he blames Shine for that.
    Knee ends Nadal's Open defense; Djokovic vs. del Potro final

    Knee ends Nadal's Open defense; Djokovic vs. del Potro final

    After Del Potro won the set, Nadal took off his headband, sat down and pulled off his wristbands while a trainer spoke to him. Open among other events and, after a brief attempt to play at the start of this season, had an operation in February.
  • Pence: I'm confident no one on my staff wrote the NYT column

    Pence: I'm confident no one on my staff wrote the NYT column

    The newspaper published the piece on Thursday , and only said the author was "a senior official in the Trump administration". Watch a preview of our conversation with Vice President Mike Pence above, and catch the full interview at 10:30 a.m.
    Large-scale wind and solar power 'could green the Sahara'

    Large-scale wind and solar power 'could green the Sahara'

    Precipitation also increased as much as 0.25 millimetres per day on average in regions with wind farm installations. Lead author, Yan Li, and colleagues wrote about their study and findings in the journal Science (citation below).
    Amazon Fire HD 8 tablet gets video Show Mode

    Amazon Fire HD 8 tablet gets video Show Mode

    Any defective parts identified in a thorough diagnostic process have been replaced, and you're even looking at a new product box. Battery life is slightly worse than past year (10 hours, compared to 12) which may be thanks to the new Alexa hands-free mode.
  • Sources Say Les Moonves Wanted To Destroy Janet Jackson's Career

    Sources Say Les Moonves Wanted To Destroy Janet Jackson's Career

    Another point of contention in the entire controversy was the discriminatory treatment between the two artists involved. The Federal Communications Commission issued a $550 000 fine to MTV and CBS as producers of the half-time show.
    George Papadopoulos Sentenced to Two Weeks in Prison for Lying to Federal Bureau of Investigation

    George Papadopoulos Sentenced to Two Weeks in Prison for Lying to Federal Bureau of Investigation

    That's the only thing I know about him. "All I can say is that my testimony might have helped move something towards that". The lawyers argued Papadopoulos lied as he was influenced by the President's aggressive sentiments on the probe.
    Trump responds to 'treason' from within

    Trump responds to 'treason' from within

    Bob Woodward sounded an alarm in his first TV interview to promote " Fear ", his explosive book about Donald Trump's presidency. The author called Trump "amoral", as well as "generally anti-trade and anti-democratic".
  • Cardi B Confronts Nicki Minaj at NYFW

    Cardi B Confronts Nicki Minaj at NYFW

    Aside from a statement showing she'd suffered no injuries from the fight, Nicki's remained pretty quiet about the whole thing. Cardi's fans, completely over the moon, stormed her comment section as they sent out their heartfelt congratulatory messages.
    TROPICS: Helene, Florence to become hurricanes this weekend

    TROPICS: Helene, Florence to become hurricanes this weekend

    The three systems - Florence, Isaac and Helene - come right before the Atlantic hurricane season hits its peak Monday. Experts say the East Coast should prepare for a blow by the middle of the week as the hurricane rapidly intensifies.
    Huawei Accused Of Brazen Benchmark Cheating, Claims Everyone Else Is Doing It

    Huawei Accused Of Brazen Benchmark Cheating, Claims Everyone Else Is Doing It

    Recently it was found that Huawei modified the benchmarks on a majority of smartphones that the company launched in 2018. Third, benchmarking companies have other methods to test a device's actual expected capabilities, which is a good thing.


Most liked

Kevin Feige Gives Even MORE Details About CAPTAIN MARVEL
Released by EW, the pictures provide a glimpse of Captain Marvel's Starforce, which is described as Kree's SEAL Team Six. Anna Boden and Ryan Fleck's superhero epic centers on Carol Danvers ( Brie Larson ), a human pilot with alien Kree DNA.

Donald Trump relishes National Football League ratings decline, cites anthem protests
The NFL's national anthem policy is anything but certain, and the league is not expected to implement a new one this season. Jenkins said he would like to move the focus away from the anthem.

Mac Miller Dead At 26 | Chicago's B96
The official also said that Miller and his two passengers tried to run from the scene by foot. "Like, I drove home drunk". It wasn't just in music, but I definitely was going through a drug problem and I think it was more my state of mind.

Steelers have no plans to trade Le'Veon Bell
Despite his absence, the Steelers are confident moving forward with second-year rusher James Conner starting in Bell's place. Talks between Bell and the Steelers failed in mid-July before the start of pre-season training camp.

Woman treated with antibiotics develops 'black hairy tongue'
The woman's condition was caused by changes in the normal bacteria or yeast content in her mouth following the antibiotic cure. In images showing a case of black hairy tongue, the condition looks as though small hairs sit on top of the person's tongue.

Sweden election sees gains for far-right, anti-immigrant party
The number is far lower than the asylum-seekers Germany accepted that year, but highest per capita of any European nation. A voter casts his ballot at a polling station during the general election on September 9, 2018 in Tomelilla, Sweden.

More women accuse Les Moonves of sex harassment and assault
Sources told CNN , CNBC , and Reuters that the CBS board of directors would likely announce the move Monday morning. He claimed to have had consensual relationships with three of the report's sources, though he did not specify whom.

Trump administration moves to detain migrant families longer
This regulation is not yet finalized - there will be a 60-day public comment period and it will very likely face legal challenges. Ghee already rejected a request by administration lawyers this year to allow for longer family detention.

Miami Dolphins Players Become First to Kneel During Anthem This Season
President Trump tweeted his disapproval of the National Football League on Sunday morning before the first full slate of games. Kaepernick has been making headlines lately, as Nike named him the face of their 30th anniversary "Just Do It" campaign.

Tor Browser Arrives on Android
However, you need to wait at least for the early next year to get the stable release of Tor Browser on your Android device. Initially, you need to install the Orbot app on your Android device to connect the browser with the Tor network.

Who plays on Thursday in the 2018 National Football League kickoff game?
A weather delay pushed kickoff back 45 minutes, forcing fans to wait a bit longer for the championship ceremony. The Falcons had a first down at the 10 but Ryan threw four straight incomplete passes.

Windsor unemployment rises in August
Compared to August 2017, employment is up 172,000 or 0.9 percent, and average hours worked is up 1.6 percent, StatsCan said. The agency says the economy lost 38,000 public-sector jobs last month, while the private sector shed 30,700 positions.

Russia Warns US of Possible Syria Attack in Area with US Troops
At Tanf is a key US stronghold near the border of Syria , Jordan and Iraq, used to root out militant troops in the area, as U.S. One of the captive said they were trained by USA instructors and received weapons and ammunition from the U.S. base.

All Fortnite Stone Heads locations: where to visit different Stone Heads
To find the hidden banner for Fortnite's Season 5 Week 9, players will want to go a little southeast of Shifty Shafts. Outside of the chests near the top, you'll have to foot it into Salty Springs or Dusty Divot if you want a gun.

US Open: Nadal sets up a quarterfinal date with Thiem
At Wimbledon , Nadal came back from two sets to one down to win in five in a quarter-final which stretched to nearly five hours. The top seed won just seven points in the opener. "I saw her name, Makatsaria, and I knew that it is Georgian", she said.