FIRST AIRED: September 10, 2018

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Transcript

00:00:00
>> Shares of companies that supply parts for Apple plunged across Asia Monday, with some falling as much as 10%. The moves follow a weekend tweet from President Trump where he called on Apply to take production out of China and bring it to the US. That was the President's solution to the higher prices consumers would have to pay if Washington pulls the trigger on President Trump's second round of tariffs on Chinese goods.
00:00:30
But Apple isn't going down without a fight. Reuters' correspondent Stephen Nellis.>> So Apple said, in a letter to US trade regulators, that these proposed tariffs were gonna be bad for US consumers. Because they would raise prices and they would make American companies like Apple less competitive in the world.
00:00:48
>> Also in that letter the US tech giant said the proposed tariffs would raise the price on products like the Apple watch and AirPods. Not on that list, Apple's most profitable product, the iPhone. Meanwhile, the trade disputes between the US and China hasn't slowed with China striking back at the US Monday, vowing it will respond if the US takes any new steps on trade.