Published: Tue, September 11, 2018
Markets | By Otis Pena

Ford VS Trump: Automaker Refuses To Change Focus Hatch China Production Plans

Ford VS Trump: Automaker Refuses To Change Focus Hatch China Production Plans

Given that Ford expects no more than 50,000 annual sales for the Focus Active, it wouldn't be profitable to build it in the United States, The Guardian reports. Automakers like to run plants on at least two shifts, and preferably three per day to cover the cost of building and equipping the factory, and to turn a profit. "Exciting!" Trump said in the tweet. Yesterday, as the Inquisitr reported, Trump told Apple that it should make their products in the United States, and therefore bypass his tariffs.

President Donald Trump's proposed $200 billion tariff on Chinese-made goods won't make your next iPhone more expensive, but it might hit the Apple Watch, Pencil, and Air Pods, according to Apple.

On Saturday, Trump acknowledged how many Apple products could be subject to tariffs but proposed an "easy solution": If the company moves its production chain stateside, "there would be ZERO tax, and indeed a tax incentive". A message left with Apple's press office seeking comment on Trump's remarks wasn't immediately returned.

At 07:14 GMT, the yuan was quoted at 6.8601 per USA dollar, 0.16 percent weaker than the previous close of 6.8492. "This auto can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!" he tweeted.

"If the US side obstinately clings to its course and takes any new tariff measures against China, then the Chinese side will inevitably take countermeasures to resolutely protect our legitimate rights", Foreign Ministry spokesman Geng Shuang told a regular briefing, when asked about Trump's warning.

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And, according to BOA Merrill Lynch analyst Wamsi Mohan, Apple may just give in to the president's request by asking its partners to bring some iPhone assembly operations into the US, which will lead to higher prices.

Apple slides as trade war tensions overshadow the company's new product unveiling on Wednesday.

"Semiconductors are America's fourth-largest export, and our industry has a global trade surplus of over $6 billion and a surplus with China of close to $2 billion in 2017", Intel's letter said.

Apple itself has already said which products would be hit as a result of the tariffs. That would extend tariff increases to almost all of China's exports to the United States. CEO Tim Cook said in July that those measures had no effect on Apple. Last month, it added tariffs to another $16 billion in Chinese goods and is readying taxes on another $200 billion worth.

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