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COMING UP:Share Opener Variant 1



>> Apple fans, beware. President Trump's second round of tariffs on Chinese goods worth $200 billion could hit some of your favorite products and Trump is threatening even more tariffs could come. According to a public comment that Apple submitted to the US Trade Reps office earlier this week, Apple Watch, Apple Pencil, Air Pods and Mac Minis are among the products that would be hit with a 25% tariff.
The letter, however, doesn't mention the iPhone. Trump on Friday told reporters aboard Air Force One that these tariffs could hit very soon and depends on what happens with China and then he added, he was ready to slap tariffs on virtually all Chinese imports into the US threatening duties on yet another $267 billion in Chinese goods.
Reuters tech correspondent Steven Knowlaces.>> So Apple said in a letter to US trade regulators that these proposed terrorists were gonna be bad for US consumers, because they would raise prices and would make American companies like Apple less competitive in the world. And specifically to their products, they said that even though the way the trade system works the entire value of say, an Apple watch is attributed to China, because that's where it's assembled.
A lot of the content that goes into that product comes from American suppliers and supports American jobs.>> Trump's comments and Apple's letter to the trade office immediately hit stocks with Apple shares losing all it's daily gains, and dropping by a percent. Trump has already imposed 25% tariffs on $50 billion worth of Chinese goods, mostly industrial machinery and electronics parts including semiconductors.
Cellphones, the biggest US import from China have so far been spared, but would be engulfed if Trump activates the $267 billion tariff list.