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Posts : 20099
Join date : 2015-05-20
Location : United States

Head of Apple to meet Trump due to threat of "trade war"

on Wed Apr 25, 2018 12:45 pm
Apple Chief Tim Cook will meet US President Donald Trump at the White House on April 26 to discuss the threat to American business, which is exacerbated by US-China trade relations.

This was reported by Bloomberg, citing White House schedules.

As previously mentioned, the Chinese Communist Party's newspaper issued a list of US companies against which China may impose tariff and other restrictions. Among them, the iPhone was also listed.

According to Bloomberg, the meeting between Trump and Cook will be held behind closed doors, without the admission of the press.

Earlier, the head of the IMF, Christine Lagarde, said that the "trade war" poses a threat to economic development in the world.

Also, according to economists, the "trade war" between the United States and China can significantly affect the growth of world prices for raw materials. In particular, oil prices may fall by 30%.

Recall that on the evening of April 5, Donald Trump announced plans to extend the $ 100 billion Chinese import tariff restrictions.

Previously, China announced its intention to introduce a 25% duty on US $ 50 billion of US imports in response to similar US actions.

This decision by the authorities of the People's Republic of China, in response to the decision of the administration of Donald Trump, introduced additional customs restrictions on Chinese imports to the country for a total of about $50 billion . The day before, in China introduced similar tariffs for $3 billion of US goods imported into the People's Republic of China.

In addition, Donald Trump introduced import duties on steel (25%) and aluminum (10%). The orders signed by the president came into force on March 23. Mexico and Canada are still excluded from the list of countries.

Merkel condemned the introduction by the United States of duties on metals.

The Ukrainian government has said it is working to bring Ukrainian metal products out of US customs duties.  In Ukrainian/український
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