US President Donald Trump warned on Friday that he was ready to impose tariffs on virtually all Chinese imports to the United States, threatening tariffs on another $ 267 billion in Chinese products as well as $ 200 billion in imports now prepared. for liens in the coming days.
The measures would dramatically increase Trump's trade war with Beijing for its demands for major changes in economic, commercial and technological policy. China has threatened reprisals, which could include measures against US companies operating there.
Hours after a public comment period on his $ 200 billion Chinese tariff list was closed, Trump told reporters aboard Air Force One that he was "being strong with China because I have to be strong."
The $ 200 billion we are talking about could take place very soon depending on what happens to them. To some extent, it's going to depend on China, "said Trump." And I hate to say this, but behind that there's another $ 267 billion ready to go with little time if I want. That totally changes the equation. "
But Apple said on Friday that the proposed tariffs cover a wide range of its products, including Apple Watch and AirPods, but did not name iPhones.
Game change: "The $ 200 billion we are talking about could take place very soon depending on what happens to them. To some extent, it's going to depend on China, "said Trump." And I hate to say this, but behind that there's another $ 267 billion ready to go with little time if I want. That totally changes the equation. "
"Our concern with these rates is that the US will be the hardest hit, and that will result in lower growth and competitiveness in the US and higher prices for American consumers," the company said in a statement. letter to the US government UU
The shares of the iPhone manufacturer fell 1 percent in extended operations
Stock prices fell after the comments of Trump, with the S & P 500 at 0.1 percent, while the Chinese currency of the yuan changed against the dollar.
Trump has already imposed tariffs of 25 percent on Chinese products worth 50 billion dollars, mostly industrial machinery and intermediate electronic components, including semiconductors.
The list of $ 200 billion, which includes some consumer products such as cameras and recording devices, luggage, wallets, tires and vacuum cleaners, would be subject to tariffs of 10 to 25 percent.
Cell phones, the largest US import UU From China, until now they have been saved, but they would be involved if Trump activates the tariff list of $ 267 billion.
Trump's threatened tariffs, which now total $ 517 billion in Chinese goods, would exceed $ 505 billion in goods imported from China last year. But Chinese imports from 2018 through July increased by almost 9 percent compared to the same period of 2017, according to data from the US Census Bureau. UU
Earlier on Friday, White House economic adviser Larry Kudlow told Bloomberg Television that the administration would evaluate public comments before making decisions on the $ 200 billion tariff list.
The office of the US Trade Representative UU He received almost 6,000 comments and held seven days of public hearings on the proposed levies.
Most of the comments came from companies seeking to eliminate products from the tariff list, arguing that there were few alternative sources, if they existed, and that tariffs would cause financial difficulties. Comparatively few applauded the tariffs.
Retailers have successfully maintained high-profile consumer electronics, such as cell phones and televisions, off the previous tariff lists. But David French, the main lobbyist for the National Retail Federation, whose members include Amazon.com, BJ's Wholesale Club and Macy's, said that almost all consumer goods could be affected if Trump complies with all the threatened rates.
"The Chinese are not paying these fees, American families are going to pay these fees, these are taxes and they will find their way into the pocket book of people from all over the country," said French.
Kudlow, who heads the National Economic Council, told CNBC that the administration was still talking to China about trade issues, but so far China had not complied with US requests.
The United States has demanded that China better protect US intellectual property, reduce the US trade surplus. UU., Allow US companies UU Greater access to their markets and reduce their high-tech industrial subsidy programs.
"We are still talking to China about a number of issues … Those talks will continue, we want lower (commercial) barriers in all areas," Kudlow said.
Specifically, Kudlow said, the United States was looking for zero tariffs, zero non-tariff barriers, zero subsidies, stopping intellectual property theft, stopping technology transfer, allowing Americans to own their own companies.
"Those have been our orders for many months and until now those orders have not been satisfied," he said. "However, hope is eternal."