Apple warned that President Donald Trump’s proposed trade tariffs would hit many of its products. Consequently, they would “weigh on Apple’s global competitiveness” and “result in a reduction of Apple’s U.S. economic contribution.”
Tariffs ‘Tilt The Playing Field’
In a letter to U.S. Trade Representative Rober Lighthizer, published Thursday, Apple noted it is “one of the largest job creators” in the U.S. “We are responsible for over 2 million jobs across all 50 states,” it added.
Ultimately, Apple said:
U.S. tariffs on Apple’s products would result in a reduction of Apple’s U.S. economic contribution. U.S. tariffs would also weigh on Apple’s global competitiveness. The Chinese producers we compete with in global markets do not have a significant presence in the U.S. market, and so would not be impacted by U.S. tariffs. Neither would our other major non-U.S. competitiors. A U.S. tariff would, therefore tilt the playing field in favor of our gloabl competitors.
It ended the letter by urging Mr. Lighthizer “not to proceed” with the proposals.