Apple Asian Suppliers’ Stocks Fall After Trump Tells Apple to Build iPhones in US

Apple has their iPhones made in China, which means they are now subject to high tariffs imposed by the Trump administration.

Consequently, it is believed that Apple will be forced to raise the prices on their phones.

Apple sent a letter to the Trump administration complaining about the 25% tariff on many of their products.

Instead of giving in, President Donald Trump simply replied by tweeting that Apple could save money if they build their iPhones here in the US.

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He also hinted that moving operations to the US could result in a tax incentive.

The news of Trump’s response sent the stock of Apple’s Asian suppliers to fall in price.

(CNet) – Shares in Apple’s Asian suppliers dropped Monday after President Donald Trump tweeted that the company should move production to the US.

The Cupertino, California, company makes most of its products — most notably, the iPhone — in China, but Trump says it could avoid tariffs by moving manufacturing back home.

“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,” he tweeted early Saturday…

Trump should also have tweeted that Apple should build their plants in right-to-work states where unions won’t drive up labor costs so high.

There are plenty of right-to-work states that would love to have Apple build a plant and provide hundreds of jobs to Americans.

Such a move would be a win for the state, a win for the workers and a win for the US economy, which is what Trump has been trying to do all along.

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David Jolly
R.L. David Jolly holds a B.S. in Wildlife Biology and an M.S. in Biology – Population Genetics. He has worked in a number of fields, giving him a broad perspective on life, business, economics and politics. He is a very conservative Christian, husband, father and grandfather who cares deeply for his Savior, family and the future of our troubled nation.

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