Ford tells Trump why it won't make China-built vehicle in US

Kenny Grant
September 11, 2018

China has threatened retaliation, which could include action against United States companies operating there.

President Donald Trump on Saturday took aim at Apple after the tech giant said the White House's proposed tariffs on China could result in price increases on popular consumer devices such as AirPods, the company's wireless headphones, and the Apple Watch.

The automaker decided a couple years back to shift production of the Focus to Mexico, then last year it opted for China instead. Start building new plants now. A message left with Apple's press office seeking comment on Trump's remarks wasn't immediately returned.

Congressional Republicans plan to unveil another round of tax cuts this week ahead of the November 6 USA elections.

China matched Washington's first round of tariff hikes on $50 billion of its goods, but their lopsided trade balance means Beijing is running out of imports for retaliation.

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Kuo also mentioned battery size for the 6.5-inch iPhone Xs Plus which would be a 2 cell one, between 3000 to 3400 mAh in size. However, noted Apple analyst Ming Chi Kuo had gone ahead to say that Apple iPhones in 2018 will not come with Pencil support.

However, a Ford spokesman Mike Levine indicated that there isn't a good a business case to build the low-margin, niche model in the U.S. Both are core product lines for Apple. The company's shares fell 0.8% on Friday to close at $221.30 on the news.

"The conclusion was for the iPhone (not now impacted by Tariffs) moving production (100% of final assembly) to the USA would need 20% price increases to offset the incremental labor costs", analyst Wamsi Mohan wrote.

Apple CEO Tim Cook has done an very bad lot of schmoozing with Donald Trump, and to date he's gotten a lot of out his dance with the devil. "We hope, instead, that you will reconsider these measures and work to find other, more effective solutions that leave the USA economy and USA consumer stronger and healthier than ever before", Apple said.

Stocks in Milan jumped 2.30 percent after Economy Minister Giovanni Tria said on Sunday the coalition's more radical budget plans would be introduced gradually, reassuring investors that European Union fiscal rules would be respected. The US'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.

Carrier Transicold, a unit of Carrier Corp/United Technologies Corp, said it was concerned the proposed 10 percent additional duty on various industrial components will reduce its global competitiveness and undercut its US operations.

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