Trump: Apple Can Avoid Tariffs by Shifting Production to US
President Donald Trump concedes that some Apple Inc. products may become more expensive if his administration imposes "massive'' additional tariffs on Chinese-made goods, but he says the tech company can fix the problem by moving production to the U.S. "Start building new plants now. Exciting!'' Trump said Saturday in a tweet aimed at the Cupertino, California, company. This week, Apple said that a proposed additional round of tariffs on $200 billion in Chinese imports would raise prices on some of its products, including the Apple Watch and the Mac mini. The company is highly exposed to a trade war between the U.S. and China. It makes many of its products for the U.S. market in China, and it also sells gadgets including the iPhone in China, making them a potential target for Chinese retaliation against the Trump tariffs. Trump tweeted Saturday that "Apple prices may increase because of the massive...
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