Trump plans to go ahead and raise China tariffs

Apple Stock Drops as Trump Discusses Potential iPhone Tariff

Mr Trump said that the next round of tariffs could be on goods which are not yet hit by tariffs, such as laptops and Apple iPhones imported from China.

Trump is considering widening the tariffs on Chinese-made imports to the USA, which could mean new duties on Apple products of between 10 and 25 percent.

Trump said he was waiting for a "full report" from his national security advisers later Tuesday about the alleged attack, claiming the information would be "very determinative".

Trump said it was "highly unlikely" he would accept China's request to hold off on the increase.

His comments come four days before he will meet Chinese leader Xi Jinping for trade talks.

"Maybe I won't have the meeting", Trump said, according to The Washington Post.

World stock markets fought to keep a rebound alive on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, clouding what had been a bright start to the week.

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Apple products have so far escaped the growing trade war between China and the Trump administration, but the grace period may be coming to an end soon.

And addressing the prospect of "winners and losers" in a new tariff game, he predicted that America is 'in far better shape to weather this than the Chinese are'.

It doesn't help that neither Trump nor his trade or economic advisers are prepared to acknowledge (if, indeed, they recognise it) that a trade conflict harms the USA along with those it targets, or that a country that issues the world's reserve currency is inevitably going to run structural current account deficits.

"If we don't make a deal, then I'm going to put the $267 billion additional on", Mr Trump was also quoted as saying.

Washington has kicked off the process of putting tariffs and investment restrictions on Chinese companies, while taking the Middle Kingdom to the World Trade Organization for dispute settlement. "We will fight for our freedom, we will fight for our democracy, we will fight for our soil", he said. The two sides have been in negotiations for months, but Kudlow described them as being stalemated until just a few weeks ago.

Trump's advice to all businesses that manufacture is to "build factories in the United States and to make the product here". Once the chain is broken, the United States would be affected too'.

China dominates USA electronics imports.

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