When it comes to taming the dragon in the Far East, President Donald Trump is not making any exceptions. American companies can either come home or pay up the tariff leveraged on goods produced in China. That includes the iconic brand Apple, and all of their computers and gadgets which made a business decision and took a gamble that they could have their cake and eat it, too.
The Wall Street Journal reported in June Apple had decided to move production of the Mac Pro to China, despite threats of economic tariffs in the ongoing trade battle with the United States.
Well, the labor is cheap, even with the transportation costs, and Apple, could and did ask for special treatment most likely because, well they’re Apple.
Apple had requested the Office of U.S. Trade Representative to exempt their company from a proposed 25 percent tariff on computer parts from China.
The decision on a waiver was announced by President Donald Trump on Friday:
“Apple will not be given Tariff waivers, or relief, for Mac Pro parts that are made in China,” he wrote on Twitter. “Make them in the USA, no Tariffs!”
In other words, request REJECTED!
Ha! The tech giant thought they were in the too big to tax category. Not so. Too bad, so sad.
The announcement, of course, sent Apple stock south on Friday morning.
— Charlie Spiering (@charliespiering) July 26, 2019
The one thing that this exercise does demonstrate is that there will be no special treatment from the Trump administration when it comes to companies staying in China and then getting tariff relief. Nope. The president is all about Making America Great Again. That means our companies putting our people to work on our soil, not avoiding the level playing field that tariffs provide, which is what Apple attempted to do.