Apple is prepared to move iPhone production out of China if Trump trade war escalates

Credit: bizjournals- Published on June 11, 2019
For months, Apple Inc. has quietly prepared to move iPhone production out of China, anticipating President Trump’s steadily escalating trade war, which threatens to cut into the company's profit margin. At an investor conference Tuesday, an executive at Foxconn, which produces most of the world’s iPhones, reportedly said his...
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Credit: Rumble
Published on June 12, 2019 -  00:45
Trump defends tariff strategy, China says 'Not afraid' of trade war
According to Reuters, U.S. President Donald Trump on Tuesday defended the use of tariffs as part of his trade strategy while China vowed a tough response if the United States insists on escalating trade tensions amid ongoing negotiations. The United States kicked off a tariff battle with China in 2018, seeking sweeping structural changes from Beijing. Over Twitter, Trump “Tariffs are a great negotiating tool," one day after saying he was ready to impose another round of punitive tariffs on China.

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