Apple: U.S. China tariffs damage global competitiveness
Apple Inc. suggested the U.S. tariffs on Chinese products, including iPhones, iPads and Macs, would decrease the company’s contributions to the U.S. economy and undermine its global competitiveness.
The U.S. government should not step forward with a proposition to impose tariffs of up to 25 per cent on Chinese products valued another $300 billion, the electronics firm said in remarks published on Thursday’s state blog.
Apple, which said the levies would also hit Airpods, AppleTVs, and batteries and components, is one of the new U.S. firms to push the Trump administration to drop its tariff scheme.
After more than a month of pause, trade negotiations between the United States and China are resuming. The representatives of the countries are anticipated to encounter next week at the G20 in Japan. President Donald Trump said he would suggest putting tariffs on more Chinese products following debates in May.
Apple is the biggest U.S. commercial taxpayer to the U.S. Treasury and promised in 2018 to immediately add more than $350 billion over five years to the U.S. economy, the document said.
Apple would take a blow because of Chinese and other non-U.S. companies do not have a meaningful existence on the US economy.
“Therefore, a U.S. tariff would spin the playing field for our worldwide rivals,” said Apple.