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

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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.

 

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