Trump intensifies trade war, threatens duties on nearly all imports from China


On Friday, U.S. President Donald Trump, speaking aboard Air Force One, said that he has tariffs on an additional $267 billion in Chinese goods "ready to go on short notice if I want".

The President is banking on the strong United States economy - with unemployment at record lows - to take the edge off the damage to the USA itself in the face of a trade war. These tariffs have not yet been applied, and White House economic adviser Larry Kudlow said that Trump will not make a final decision on implementing them until after he evaluates comments from the public.

"The $200 billion we're talking about could happen very soon", Trump said.

"To a certain extent it's going to be up to China".

"That totally changes the equation", Trump said. The Trump administration is deciding whether to extend penalties to another $200 billion list of Chinese imports.

In the letter, Apple says the tariff list "covers a wide range of Apple products and the products used in our USA operations", including the Mac Mini, Apple power adaptors, cables, the Apple Watch, the Apple Pencil and Air Pods.

The US imported $505bn in goods from China last year, and this year until the end of July, Chinese imports are almost 9% higher, according to official US data.

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The company is highly exposed to a trade war between the US and China. Make your products in the United States instead of China.

The hearings examining the potential impact of the taxes wrapped up on Thursday, setting expectations that another round of tariffs could be imposed on $200bn (£154.7bn) of Chinese products as early as Friday.

President Trump's trade war with China moved up a gear last month when the USA brought in a 25% tax on a second wave of goods worth $16bn.

Economists and investors have, according to the Guardian, expressed concern over the standoff between the two countries, warning that the trade war could derail the global market and provoke more counter-tariffs to Trump tariffs. For example, the proposed tariffs cover Apple Watch, which has become the top-selling smart-watch in the US and globally. China has retaliated on both occasions with tariffs on the equivalent value of U.S. goods.

US President Donald Trump's administration has threatened 25 percent tariffs on the Chinese imports, including seafood, furniture, lighting products, tires, chemicals and plastics. Those talks will continue to go on.

Specifically, Kudlow said, the United States was seeking "zero tariffs, zero non-tariff barriers, zero subsidies, stop the IP theft, stop the technology transfer, allow Americans to own their own companies". "However, hope springs eternal".