In a tweet this morning, President Trump addressed Apple's recent comments regarding the Administration's proposed tariffs on Chinese exports. In a letter to the U.S. Trade Representative on Wednesday, Apple claimed that the tariffs would "show up as a tax on U.S. consumers".
In response, Trump told Apple that it should make its products in the United States instead of China.
Apple prices may increase because of the massive Tariffs we may be imposing on China - but there is an easy solution where there would be ZERO tax, and indeed a tax incentive. Make your products in the United States instead of China. Start building new plants now. Exciting! #MAGA
It's difficult to see Apple gaining sympathy in its fight against the proposed tariffs. As the most profitable company in the world, Apple could absorb the added costs of doing business in China. The company also greatly benefited when Trump slashed the corporate tax rate to 21% from 35% and lowered the tax rate to let it repatriate billions of dollars. Additionally, many Americans take issue with the Apple manufacturing most of its products overseas.
Please follow iClarified on Twitter, Facebook, or RSS for updates.
Read More
In response, Trump told Apple that it should make its products in the United States instead of China.
Apple prices may increase because of the massive Tariffs we may be imposing on China - but there is an easy solution where there would be ZERO tax, and indeed a tax incentive. Make your products in the United States instead of China. Start building new plants now. Exciting! #MAGA
It's difficult to see Apple gaining sympathy in its fight against the proposed tariffs. As the most profitable company in the world, Apple could absorb the added costs of doing business in China. The company also greatly benefited when Trump slashed the corporate tax rate to 21% from 35% and lowered the tax rate to let it repatriate billions of dollars. Additionally, many Americans take issue with the Apple manufacturing most of its products overseas.
Please follow iClarified on Twitter, Facebook, or RSS for updates.
Read More