Trump warns further China tariffs 'ready to go'

Trump signals escalation of trade war with China, says he has tariffs ready on another $267-billion of imports

President Trump tweeted on Saturday that Apple should manufacture its products in the United States, instead of China.

Trump said Friday he would slap another $267 billion in tariffs on Chinese goods in a third round of tariffs.

In a letter sent to the U.S. Trade Representative, Apple says the Apple Watch, AirPods and Apple Pencil would be caught in the crossfire of Trump's escalating trade war with China.

"The burden of the proposed tariffs will fall much more heavily on the United States than on China", Apple said in its letter. For example, the proposed tariffs cover Apple Watch, which has become the top-selling smart-watch in the USA and globally.

In the letter, Apple asks the United States government to "reconsider these measures and work to find other, more effective solutions that leave the U.S. economy and USA consumer stronger and healthier than ever before".

Apple did not disclose specific revenues for most of the affected products, but of those the Apple Watch may be the biggest seller.

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The U.S.'s ability to continue to dominate telecommunications technology, including the upcoming fifth-generation phone networks, will be hampered by the levy on imports from China. Cook's personal diplomacy stands in stark contrast to some of his peers in the tech industry, who haven't engaged Trump directly - and often are on the receiving end of far more aggressive tweets attacking their business practices.

Trump's threatened tariffs, now totaling $517 billion in Chinese goods, would exceed the $505 billion in goods imported from China past year.

The surplus with the United States was larger than China's net surplus for the month, indicating China would be running a deficit if trade with the world's largest economy was excluded.

Those steps include slapping tariffs on $60 billion of U.S. imports, Gao said. A public comment period on the import taxes ended Thursday.

Dell (DVMT), Cisco (CSCO), Juniper Networks (JNPR) and Hewlett Packard (HPE) said the tariffs would increase the costs of their networking equipment, damaging the companies' bottom lines and leading to possible U.S. job losses.

"If USTR [Lighthizer] were to impose a 10-25 per cent additional duty on networking products and accessories", the corps wrote, "it would cause broad, disproportionate economic harm to US interests, including our companies and US workers, our customers, US consumers, and broader US economic and strategic priorities". "These are taxes and they're going to find their way into the pocket book of folks around the country", French said.

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