Ford Rules Out Making Focus Active Wagon In The U.S.

Trump calls on Apple to move production from China to US

The administration in July implemented a 27.5 percent tariff on cars imported from China, which the Asian nation countered with a 40 percent levy on USA automobile imports. Last week, the technology giant in a letter to the US Trade Representative wrote that the proposed tariffs would impact products like Apple Watch, AirPods, HomePod and it will result in higher prices for US consumers.

Meanwhile, US President Donald Trump tweeted saying if Apple wanted to avoid higher tariffs, they should just manufacture the products in the US itself, instead of China. Automakers like to run plants on at least two shifts, and preferably three per day to cover the cost of building and equipping the factory, and to turn a profit. "Exciting! #MAGA", reads Trump's tweet.

Apple didn't immediately respond to a request for a comment on Trump's latest broadside.

President Donald Trump threatened on Friday to hit China with duties on another $267 billion worth of goods.

"Without the tariffs, the business case was pretty solid for that model in the United States market", he said.

Apple outlined how the company's operations and products will be affected by the tariffs.

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The official spoke on condition of anonymity because they weren't authorized to publicly discuss the probe. He then fled the auto and ran along the runway as multiple police cars chased him, as caught on video.

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MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.9 per cent to the lowest since July 2017, extending losses from last week when it dropped 3.5 per cent for its worst weekly showing since mid-March. "This auto can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!", the President Tweeted. Apple chief executive officer Tim Cook earlier this year told Trump tariffs "were not the right approach".

On top of that, strong U.S.jobs numbers on Friday had bolstered bets on a higher dollar on expectations the Federal Reserve will keep raising USA interest rates.

Stocks in Milan jumped 2.30 percent after Economy Minister Giovanni Tria said on Sunday the coalition's more radical budget plans would be introduced gradually, reassuring investors that European Union fiscal rules would be respected.

Carrier Transicold, a unit of Carrier Corp/United Technologies Corp, said it was concerned the proposed 10 percent additional duty on various industrial components will reduce its global competitiveness and undercut its USA operations.

Ford does not intend to start producing the small crossover Focus Active in the United States - no matter what the president has tweeted on the topic.

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