Apple says China tariffs would hit Apple Watch, Air Pods

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It would also be in addition to tariffs his administration has already imposed on $50 billion in Chinese imports, for which Beijing has retaliated with an equal amount of import taxes on US goods.

President Trump responded to Apple's concerns about tariffs with a tweet Saturday morning, acknowledging that Apple products could get more expensive as a result of his administration's escalating trade war with China.

The administration could decide to begin taxing the imports - equal to almost 40 percent of all the goods China sold the United States previous year - after a public comment period ends on Thursday.

Trump said he was not prepared to make a deal with China "that they'd like to make". He added that he's ready to place yet another round of tariffs on $267 billion in Chinese goods after that - bringing the total imports from China subject to tariffs to more than $500 billion. "That totally changes the equation". By close the dip had eased to 0.81 percent.

Professor Yu Miaojie, deputy dean of Peking University's National School of Development, also felt that tariffs on US$267 billion of Chinese goods would be quite unlikely.

But so far China had not met the Trump administration's requests.

Trump has boasted that trade wars are "easy to win" and warned he would hit virtually all Chinese imports if Beijing does not back down and take steps to reduce its $335 billion surplus with the US.

But sellers of factory machinery and other more advanced exports express confidence they can keep their USA market share. The Office of the U.S. Trade Representative (USTR) as of press time has not released a list of what goods could be affected.

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Major technology company Apple Inc said a "wide range" of its products would be hit by the tariffs, but not its iPhone.

"We've taxed them $50 billion - that's on technology", the president told reporters aboard Air Force One.

The new duties will start to hit consumer products directly, including furniture, lighting products, tires, bicycles, and auto seats for babies. Last year, the US imported $505 billion in goods from China.

In its filing, Apple challenged that approach, writing that "it is hard to see how tariffs that hurt US companies and USA consumers will advance the Government's objectives with respect to China's technology policies".

In the early rounds of the hostilities, the administration targeted Chinese industrial imports to try to spare American consumers from higher import costs. The company noted it spent $50 billion with 9,000 US suppliers in its most recent fiscal year, including Texas-based chip firm Finisar Corp and Kentucky-based Corning Inc.

Canada Foreign Minister Chrystia Freeland said United States and Canadian technical officials worked through the night on a number of issues.

China's trade surplus with the United States ballooned to a new record $31 billion in August despite a raft of USA tariffs, official data showed Saturday, adding fuel to the flames of a searing trade war. Those talks will continue to go on. "It's just another indication we're not out of the woods yet", she said. "However, hope springs eternal".

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