Trump tells Apple to move plants from China to US

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Donald Trump tweeted on Saturday that Apple should make products in the United States if it wants to avoid tariffs on Chinese imports.

Apple warns President Donald Trump's proposed tariffs on China will lead to a price increase on many of its most popular products.

Earlier this week, Apple said in a regulatory filing that the president's proposed $200 billion in fresh tariffs on China would cover "a wide range of Apple products", from its Mac Mini computer to cables, chargers and laptop cases.

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In its letter, Apple argued that the way US trade officials calculate the USA trade balance - attributing the entire value of a product to a country like China where final assembly happens - fails to reflect the true value that Apple generates in the United States. The Trump administration has also called on China to allow US companies greater access to Chinese markets and to cut its USA trade surplus.

Hours after a public comment period closed on his $200 billion China tariff list, Trump told reporters aboard Air Force One that he was "being strong on China because I have to be".

On Wednesday, Apple warned in a letter to the USA trade representative that Apple's competitiveness could be hurt, leading to higher prices for consumers.

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Trump is urging the Cupertino-based company to "start building new plants now".

"The $200 billion we're talking about could happen very soon", Trump said.

The White House has accused China of stealing United States intellectual property and forcing American companies to share their technology with Chinese companies. Cook's personal diplomacy stands in stark contrast to some of his peers in the tech industry, who haven't engaged Trump directly - and often are on the receiving end of far more aggressive tweets attacking their business practices. "That changes the equation". But 2018 imports from China through July were up almost 9% over the same period of 2017, according to US Census Bureau data. The company noted it spent $50 billion with 9,000 USA suppliers in its most recent fiscal year, including Texas-based chip firm Finisar Corp and Kentucky-based Corning Inc.

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Kudlow, who heads the National Economic Council, told CNBC the administration was still talking with China about trade issues but so far China had not met United States requests.