Apple Says Trump's Tariffs Will Reduce Its Economic Contributions and Global Competitiveness

Discussion in 'Politics, Religion, Social Issues' started by MacRumors, Jun 20, 2019.

  1. MacRumors macrumors bot

    MacRumors

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    Apple has urged the Trump administration not to proceed with tariffs of up to 25 percent on a fourth set of goods imported from China, which would impact nearly all of its products, including the iPhone, iPad, Mac, Apple Watch, Apple TV, AirPods, Beats, HomePod, batteries, repair parts, and more.

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    In a letter sent to United States Trade Representative Robert Lighthizer [PDF] this week, Apple warned that the tariffs would reduce the company's contributions to the U.S. economy and weigh on its global competitiveness:
    Apple outlined many of its economic contributions in the letter, referring to itself as a "proud U.S. company" that is both the largest corporate taxpayer and one of the largest job creators in the country:
    Last month, analysts at investment bank J.P. Morgan estimated that the tariffs could result in a 14 percent increase in the retail price of an iPhone XS, pushing the cost of the device from $999 to $1,142. However, the company could also choose to absorb the impact of the tariffs on a temporary basis.

    The letter was earlier reported by CNBC.

    Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

    Article Link: Apple Says Trump's Tariffs Will Reduce Its Economic Contributions and Global Competitiveness
     
  2. Pelea macrumors 6502

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    What apple fail to realize is that trump’s tarifs are GOOD for apple, not bad!
     
  3. benshive macrumors regular

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    How do you figure that?
     
  4. MacLoveMacHate macrumors regular

    MacLoveMacHate

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  5. dazzer21-2 macrumors regular

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    How are tariffs good? Tit for tat just knocks up prices as a whole.
     
  6. Southern Dad macrumors 68000

    Southern Dad

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    Apple has another option... They could decide to assemble or manufacture here in the U.S.A. Yes, I realize that their labor expense would go up, after all, we do not allow people to work for a few dollars a day, in horrible conditions, but they would have less in tariffs. Made in the U.S.A. used to mean something. I remember when I was proud that the Mac Pro was being assembled in Texas.
     
  7. B4U macrumors 68020

    B4U

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  8. sam2428 macrumors 6502

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    [QUOTE=" However, the company could also choose to absorb the impact of the tariffs on a temporary basis."[/QUOTE]

    Hahaha. I'm sure that is exactly what will happen.

    We, the consumers, are always the ones who will suffer.
     
  9. thadoggfather macrumors G4

    thadoggfather

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    Globalists aren’t interested in a distinctly prosperous USA. it’s counter to their vision.

    Inb4 “no It’s not!” “What do you mean?”
     
  10. macpro2000 macrumors 6502a

    macpro2000

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  11. Mr.Bigglesworth macrumors regular

    Mr.Bigglesworth

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    Ohh okay, so tim is afraid that now he can’t hand out multi million dollar bonuses to him and his fellow corporate fat cats ?

    These tariffs are a great thing. These god damn corporate executives 10’s of millions of dollars worth of bonuses every year when that money can be re-invested into lean manufacturing.

    Literally, it costs apple a couple hundred dollars to assemble an iPhone. Then they turn around and sell the damn thing for $1000+. Get the entire F out of here with that nonsense.

    These tariffs have corporate America scared as they should be !
     
  12. Sedulous macrumors 68020

    Sedulous

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    Good. Force China to play the the same rules as everyone else. Trump is an arrogant jerk but this is something that needed to be done 20 years ago.
     
  13. AronDraws macrumors 6502

    AronDraws

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    I'm feeling some serious Tim face vibes this morning.
     
  14. Southern Dad macrumors 68000

    Southern Dad

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    Something should have been done about this when VW, Datsun, and Toyota started importing their little crap boxes into the U.S.A. without tariffs, and destroying the U.S. auto industry. At least Honda figured it out early and built the Marysville Ohio Assembly Plant. At one time, even Japanese Honda Accords were assembled in the U.S.A.
     
  15. jona2125 macrumors 6502a

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  16. norbinhouston macrumors 6502

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    Greedy Tim Crook, of course he's against tariffs. His one vision was to manufacture Apple products in China! He's a one trick pony bean counter. Not a visionary.
     
  17. jicon macrumors 6502

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    #19
    Tariffs are never a good thing for small business. I question how a middleman - government- is going to help pay back the loss it is hurting. You and I with increased cost and tax trying to buy those needed goods, or businesses with loss of volume sales to countered tariffs added in other countries.

    That said, taking a pleading case from a company sitting on a significant warchest of money, who has built a habit of moving funds and manufacturing outside of the US isn't swaying anyone.
     
  18. Sasparilla macrumors 65816

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    I love that idea, but there are two problems I can see with whats going on. The manufacturers are mostly looking at moving their production to communist govt Vietnam. Do whatever we want to do to China and the manufacturers will just go to the next race to bottom (probably authoritarian govt) country (Communist Vietnam is the current hot one). The 2nd is the entire supply chain that makes all the parts has (for the most part) been placed in China and that isn't something just Apple can move.

    To effect the whole system you have to have a solution that affects the whole system, but would take a long time (say adjust all imports from countries whose labor costs are not within 15% of ours adjusting for labor & safety costs at 5% per year over 20 years so inflation doesn't go haywire and instant adjustments for currency deflators). What we have, just going after China at the moment (or barely modifying NAFTA to TAFTA) - in the end will change nothing for U.S. production. I was pretty shocked when GM just went ahead and closed those U.S. plants moving production down to Mexico for small cars despite the PR black eye they took from the Administration - they literally don't care.
     
  19. Southern Dad macrumors 68000

    Southern Dad

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    Hold on, Tim Cook's obligation is to the stockholders. His job is to make them as much return on their investment as possible. He is not obligated to the Mac Community, the Apple Employee, or even the U.S.A.
     
  20. ajguckian macrumors regular

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    Coming from Apple, I just can't feel bad. Take the hit, and be glad that we're trying to stop China from stealing all of your IP. I'm gonna bet that they are going to take the brunt of this, and will come to the table in better faith, finally.
     
  21. ryanwarsaw macrumors 68020

    ryanwarsaw

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    #23
    Sometimes when you are negotiating at the highest levels possible not saying anything is appropriate. Trump is trying to get a deal. Apple is a much smaller issue. Cook should be more circumspect when there are active negotiations and he may be unaware of very important information. I am not going to respond to any quotes on this thread.
     
  22. Southern Dad macrumors 68000

    Southern Dad

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    That's pretty hard for a president to do when the Democrat will fight against anything that he wants to try. Unions, who are generally very Democrat, have begged for tariffs for decades. No one has been willing to take this issue on. Trump is taking it on. Trump would have loved to have scrapped NAFTA entirely but as you well know, the left was preaching the doom and gloom if he did it. H. Ross Perot was right when he said that giant sucking sound when Bill Clinton signed NAFTA was our jobs moving to Mexico.
     
  23. NickName99 macrumors 6502

    NickName99

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    This whole tariff thing is one of the stupidest things Trump has done in office, other than obstructing justice to the point that he’ll immediately be indicted once he’s no longer in office.

    Hopefully he stops monkeying around with the economy like this before driving us into a recession.
     

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265 June 20, 2019