Apple warns of tariff war kickback
Raising US import tariffs on Chinese goods further puts Apple’s competitive position worldwide under pressure. The American tech giant warns about this. According to the company, higher rates will have a negative impact on Apple’s contribution to the US economy.
The Trump government is postponing the idea of raising rates on another 300 billion dollars of Chinese goods to a maximum of 25 percent. According to Apple, which has its iPhones, iPads and Macs made in China, among other things, policymakers with such a step harm the company’s global competitiveness.
Apple is not the first company to urge the Trump government not to implement plans to further increase import tariffs. Tech companies in particular are usually very susceptible to further disruptions in the trade relationship between the US and China.