IPhone prices will surge if Apple builds them in US

11 September, 2018, 01:16 | Author: Mary Valdez
  • Workers pack tinned peaches for export at a fruits processor in Huaibei city in central China's Anhui province. — AP

U.S. President Trump tweeted on Saturday that Apple Inc (AAPL.O) should make products inside the United States if it wants to avoid tariffs on Chinese imports.

The statement came after Trump tweeted about an article from August 31, when Ford announced that it was canceling plans to make the Focus Active, a compact crossover, in China and ship them to the United States.

As The New York Times notes, it was the second such tweet in as many days, after Trump on Saturday called on Apple to begin making iPhones in the US if it wanted to avoid import tariffs.

Apple Inc said a "wide range" of its products including the Apple Watch would be affected by proposed US tariffs on Chinese goods but gave no sign of an impact on its iPhone. But it is running out of room to match them dollar-for-dollar, raising concern it will resort to other measures, such as weakening the yuan or taking action against US companies in China.

Ford has already announced it will eventually stop selling all passenger cars in the USA except the Mustang, in favor of meeting Americans' appetite for large - and profitable - trucks and SUVs. The automaker has already stopped advertising for models like the Focus as well as the Fiesta, Fusion and Taurus. Ford originally planned to make the next gen Focus Active - a cross hatchback version of the standard Focus to Mexico but changed those plans to make the economy vehicle in China instead.

Trump tweets tariffs have forced Ford to build Focus in US. Ford confirmed to The New York Times that it will not build or sell the Focus Active in the United States. While Ford might choose not to build the Focus in China, it does have a multiple number of plants in other countries it can choose to build the small hatchback in.

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If sales were high enough to justify production at a U.S. plant, the price of a compact vehicle isn't high enough to cover the difference in wages, she said.

The tariffs changed everything.

China matched Washington's first round of tariff hikes on $50 billion of its goods, but their lopsided trade balance means Beijing is running out of imports for retaliation.

China has threatened retaliation, which could include action against USA companies operating there.

The Trump administration began imposing higher taxes on goods imported from China this summer. These tariffs have since been extended to an additional $16 billion in Chinese goods and in the near future, will be applied to another $200 billion in goods.

The world's two biggest economies are clashing over US allegations that China deploys predatory tactics - including outright cybertheft - to acquire technology from USA companies and challenge American technological dominance.

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