Apple and other U.S. companies may receive additional taxes for overseas manufacturing

Apple and other U.S. companies may receive additional taxes for overseas manufacturing


It appears that Apple and other US companies may want to move their production back to the United States. The latest information suggests that President Trump plans to introduce new taxes for American companies that manufacture devices or components outside the United States.

Donald Trump and his government may be looking for new ways to force US companies to bring their activities back for US reasons. According to the latest information from US officials, they are mainly trying to move product manufacturing out of China. This happens immediately after President Trump extends the Huawei ban for another year. We also know that the US is trying to block HUAWEI's access to global semiconductor supplies and that China has already warned that it will take action as well.

Customs duties on Chinese imports have already lost US $ 46 billion according to Commerce. The US Chinese trade ban may have cost around $ 370 billion in Chinese products. Trump has also criticized the existence of supply chains because he believes that production should be relocated to the United States. When these new tariffs are finally introduced, Apple may have to raise prices for iPhones and other devices.

Source GSM Arena

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