Posted on 09/08/2018 3:36:09 PM PDT by 2ndDivisionVet
U.S. President Trump tweeted on Saturday that Apple Inc (AAPL.O) should make products inside the United States if it wants to avoid tariffs on Chinese imports.
The company told trade officials in a letter on Friday that the proposed tariffs would affect prices for a “wide range” of Apple products, including its Watch, but it did not mention the iPhone.
Trump, speaking on Friday aboard Air Force One, said the administration had tariffs planned for an additional $267 billion worth of Chinese goods.
Trump tweeted that “Apple prices may increase because of the massive Tariffs we may be imposing on China - but there is an easy solution where there would be ZERO tax, and indeed a tax incentive. Make your products in the United States instead of China. Start building new plants now.”(continued)
(Excerpt) Read more at reuters.com ...
Damn straight. MAGA!
Yup!
.....
even some foreign car companies build many of their cars in USA
it is (or can be) good business, on several levels
For what they charge for their iPhones, I presume Apple has some wiggle room to hold prices even if their costs should rise.
A lot of people assume that all cost increases to a company will result in those costs being passed on to the consumer. That’s a false premise. A company has to remain competitive in the market and can’t charge too much above what their competitors charge. How much they can absorb really depends on their profit margins.
For some companies, market share is as or more important than profits.
Trumps Attacks Children!!
Tells Apple to make things in the USA to avoid Tariffs, Millions of Chinese Children to be Unemployed.
Apple. And Nike. For Nike, sacrifice everything
That’s all they gotta do.
Driving through Libby, Montana a few years ago I noted that the people looked poor, the cars were awful, the women looked like pillbillies.
Running cattle ain’t the business it used to be.
All I could think of was...what if little towns like that had the factories that thousands of Chinese towns now have?
The future would be far brighter for them. And companies like Apple would have to charge maybe 30 bucks more for an iphone.
Maybe.
Most people don’t know that Apple’s offshoring is the outgrowth of an article in the early 90’s advocating that Apple concentrate solely on software in the U.S. and offshore/outsource all their hardware which was deemed low value added. Many people at the time objected saying it was unpatriotic. But eventually they were all coopted and now Apple is basically a Chinese company.
Mr. Trump may be able to reverse all that, but he sure as hell has a lot of people hobbling him.
Very good.
Apple has been building up China for the entire last generation.
Bring production home.
Bring on the tariffs, including the iPhone.
Meanwhile, Samsung won’t be subject to tariffs. This will prevent Apple from passing the tariffs onto consumers. Apple will have to eat the tariffs. That’s great! Move production out of China to avoid the tariffs.
It is STUPID for a company to have all their production in 1 foreign country. Stupid. Is. As. Stupid. Does.
most other electronics by all the famous manufactures are made in China so millions of people will be unemployed - most are young people in their 20s trying to get ahead and are earning a good living by Chinese standards ... The alternative is to return to the countryside and abject poverty.
Ah! Apple... the company that likes to get politically involved with the far left and show the middle finger to millions of Americans.
The Foxconn plant in Racine Wisconsin will make high res state of the art screens - Apple was talking about building a plant nearby to add to the facilities already in the US. Nothing will happen until Foxconn is up and running. (Average wage is $56,000, other jobs advertised at twice that rate).
The caveat is finding enough people to work there and all fill the other infrastructure jobs stores roads housing etc.
I have not forgotten Apple’s CEO, who went on a campaign against the state of Indiana because they wanted to protect christian business owners.
Time to remind all your leftard ‘friends’ of the ChiCom Sweatshop Labor that went into that expensive Gold Plated Turd they are so proud of.
Isn’t that the idea of the whole tariff thing? And renegotiating treaties?
We need to produce things - lots of things - right here in America again. Quality AMERICAN products, made with AMERICAN labor, and AMERICANS earning respectable wages.
AAPL enjoyed the Trump tax cuts and relaxing of regulations. Time to step up to the plate and produce here, bank here, spend the research dollars here.
Nope. Prices will just go up to reflect the tariff.
^^^Trump tells Apple to make products in U.S. to avoid China tariffs^^^...
...and while you’re at it, use LEGAL residents of the USA for all of your workforce-—including janitors, groundskeepers and cafeteria workers.
Double Yep. Nope, Triple Yep.
“””””A lot of people assume that all cost increases to a company will result in those costs being passed on to the consumer. That’s a false premise. A company has to remain competitive in the market and can’t charge too much above what their competitors charge. How much they can absorb really depends on their profit margins.””””””””””””””
I’ve made that same statement on this forum numerous times. The uninformed say taxes and any increases can just be added to the price and all is well. It doesn’t work like that.
Numerous FReepers have informed me that I am clueless. Most of those people have never run a business.
China has a large and growing middle class. The middle class Chinese does not want an economic/trade war with the USA. In a similar manner and the Chinese middle class does not want a military war with the USA. The 1989 Tiananmen Square protests were the rise of the middle class. The protest took the lives of thousands (maybe tens of thousands) of China’s middle class. The protest made the case for economic power that the middle class was willing to die for. IOW, the Old Guard has the political power, the middle class has the economic power and proved they are willing to die to keep the economy flowing. If the Old Guard screws up and escalates a trade war that depresses, or God forbid, collapses their econ, then the Old Guard realizes this could tear the country apart with the real possibility/probability of taking down the Old Guard.
The Wumao 50cent party would go unpaid.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.