Apple joins chorus of companies pressing U.S. to drop China tariff plans

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Apple joins chorus of companies pressing U.S. to drop China tariff plans GlobeBusiness

Apple is the largest U.S. corporate taxpayer and pledged in 2018 to directly contribute over $350 billion to the U.S. economy over five years, according to the filing.

“A U.S. tariff would, therefore, tilt the playing field in favour of our global competitors,” Apple said.Some 88 per cent of all coffee brewers sold in the United States are imported from China, Keurig said in its public comments. The company’s own brewers are in over 28 million homes and used in more than 1 million hotel rooms, the filing said.

Many U.S. companies rely on China to source a vast array of products. Finding alternative suppliers will raise costs, in many cases more than the 25 per cent tariffs, some witnesses have this week told a panel of officials from the office of the U.S. Trade Representative, the Commerce Department, State Department and other federal agencies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada’s farmers feeling the hurt from China market snub, drought and growing debtTrade problems, weather losses, and rising costs add up to a dark harvest for farmers Aren't these the same farmers that vote conservative? So they don't believe in climate change, nor welfare of any sort, but YOU can guarantee one thing for sure, they will all ask taxpayers to bail them out! Real Conservatives! cdnpoli WELL MAYBE ITS TIME TO SNUB 'HUMAN RIGHTS ABUSING!!''WORLD+MILITARY DOMINATION=WORLD AS SLAVES -CHINA NEW WORLD ORDER(RUSSIA APPROVED-KOWTOWS TO CHINA!)' COMMUNIST CHINA AND JUST DEAL WITH ALL THE FREE TRADE DEALS CANADA HAS MADE WHAT ABOUT TAIWAN LOOKING FOR WESTERN BUSINESS
Source: globeandmail - 🏆 5. / 92 Read more »