China's exports, imports slowed sharply in August

Trump signals escalation of trade war with China, says he has tariffs ready on another $267-billion of imports

"To a certain extent it's going to be up to China", the president says.

"Our concern with these tariffs is that the USA will be hardest hit, and that will result in lower US growth and competitiveness and higher prices for US consumers", the company wrote. But 2018 Chinese imports through July were up almost 9 per cent over the same period of 2017, according to US Census Bureau data.

President Trump warned on Friday that in addition to the $200 billion in tariffs now being prepared, he's also prepared to slap an additional $267 billion worth of tariffs on China if he deems it necessary.

On Apple's most recent earnings call in July, Chief Executive Officer Tim Cook said the company could face such tariffs "related to data centers". "That said, the trade relationships and agreements that the USA has between the USA and other major economies are very complex and it's clear that several are in need of modernizing, but we think that in the vast majority of situations that tariffs are not the approach to doing that and so we're sort of encouraging dialogue and so forth".

Kudlow, who heads the National Economic Council, told CNBC the administration was still talking with China about trade issues but so far China had not met USA requests. "Trump's remarks confirm his intention to continue escalating trade sanctions until China capitulates, and China has equally clearly signaled it has no intention of doing so".

A part of Apple's letter, which was first reported on by Bloomberg, reads, "It is hard to see how tariffs that hurt US companies and USA consumers will advance the Government's objectives with respect to China's technology policies".

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The yuan sunk almost 9 percent against the USA dollar from April through July, according to China's Wind Information data.

The Trump administration has already imposed tariffs on US$50 billion worth of shipments from its largest trading partner, with the US$200 billion tranche expected to come soon.

Earlier this week, Apple said in a regulatory filing that the president's proposed $200 billion in fresh tariffs on China would cover "a wide range of Apple products", from its Mac Mini computer to cables, chargers and laptop cases. "Now, they've got to treat us fairly", he said, and again threatened to impose duties on cars produced in Canada.

Last year, a New York University student who worked undercover in an iPhone factory reported that he made $450 per month. And China has vowed to hit $60 billion in U.S. products in retaliation.

However, she seemed to have a different position than Mexican Economy Minister Ildefonso Guajardo on the relationship between the NAFTA talks and the USA steel and aluminum tariffs.

Apple did say its MacMini, a low-cost computer that comes without a keyboard or mouse, would be affected.

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