Apple can avoid tariffs by shifting production to US

Despite Trump tweet, Ford says it won't make hatchback in 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. The President thought these tariffs would force the automaker to shift production of the Focus Active from China to the USA but Ford says that isn't happening.

The Trump administration began imposing higher taxes on goods imported from China this summer.

The Ford Focus Active, a small crossover auto now sold in Europe, was slated to begin production in China for the USA market.

The Ford Focus Active has never been sold in the USA, and Ford does not now import any vehicles from China. It stopped making Focus sedans at a Wayne, Michigan, plant in May.

Dell Technologies said the proposed tariffs will increase costs of vital parts and components for its USA services and manufacturing operations.

But Ford had originally planned to bring the small crossover vehicle to the US market beginning in late 2019. Start building new plants now.

Pulling the plug on the low-volume Focus Active won't be hugely significant to Ford's business because it sells more than 2.5 million vehicles annually in its home market. The company had plans to begin making the vehicle in China in the latter half of 2019 and exporting them to the USA market.

The result of moving all final iPhone assembly into the USA will result in a 20% price increase on the smartphones, said the bank.

In August, China unveiled a proposed list of retaliatory tariffs on $60 billion of USA goods ranging from liquefied natural gas to some types of aircraft, should Washington activate the tariffs on its $200 billion list.

"You know, their statement was very clear", Dziczek said. Make your products in the United States instead of China.

At 07:14 GMT, the yuan was quoted at 6.8601 per US dollar, 0.16 percent weaker than the previous close of 6.8492.

Ford already announced earlier this year that it would reallocate $7 billion of research and development funds from cars to SUVs and trucks.

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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