China's August Trade Surplus With US Hits Record $31 Billion

Cisco Systems Inc. Hewlett Packard Enterprise Co. and other technology companies sent a letter to US Trade Representative Robert Lighthiser urging the administration to avoid imposing more tariffs

President Trump offered a tip to the world's largest tech company Saturday - telling Apple it should start building more factories here at home to avoid suffering from a possible tariff hike.

U.S. president Donald Trump said Friday that he was prepared to roll out tariffs on yet another $267 billion worth of Chinese goods even before his earlier proposed tariffs have gone into effect, the Wall Street Journal reports. For gadget nerds, this seems like a sad and obvious conclusion to the spate of escalating tariffs that the U.S. and China have been slinging back and forth since Trump got all this started back in autumn. "Exciting!" Trump said in the tweet.

Trump said on Friday he is considering another $267 billion of tariffs on China, which analysts said will affect virtually every category of consumer goods, to retaliate against what he calls unfair trade practices.

The label of a Washington D.C. sweatshirt bears a U.S. flag but says "Made in China" at a souvenir stand in Washington, U.S. January 14, 2011.

"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". "Because all tariffs ultimately show up as a tax on USA consumers, they will increase the cost of Apple products that our customers have come to rely on in their daily lives".

It also said the MacMini computer, charging cables and equipment used in its offices and data centres could be hit by a proposed 25pc tariff on imports.




The Trump administration has imposed tariffs of $50 billion on imports from China and is moving to add 25 per cent duties on another $200 billion in goods.

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.

Notably, the iPhone was not cited as part of Apple's potentially impacted devices, possibly because of an exemption the Trump administration promised to negotiate on behalf of Apple earlier this year. Apple said it was "difficult to see" how tariffs would advance the government's goal.

Cook has, so it seems, changed his mind, and Trump threatened to impose another set of tariffs on top of a proposed $200 billion.

The August surplus with the USA was larger than China's overall surplus of $27.91 billion for the month.

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