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Apple says proposed tariffs would hit the Apple Watch, AirPods, Mac Mini, and other products

In a letter to U.S. Trade Representative Robert Lighthizer, Apple Inc. AAPL, -Zero.81% said that a proposed 25% tariff on $200 billion price of Chinese imports would cover a "wide range of Apple products," together with the Apple Watch. The tariffs would additionally impact the Apple Pencil, AirPods, Mac Mini, cables and chargers, testing apparatus, and repair gear. "Our concern with these tariffs is that the U.S. will be hardest hit, and that will result in lower U.S. growth and competitiveness and higher prices for U.S. consumers," the company said in its letter, which is dated from Wednesday. "Given the balance of Apple's economic footprint, the burden of the proposed tariffs will fall much more heavily on the United States than on China." The letter said that Apple found it "difficult to see how tariffs that hurt U.S. companies and U.S. consumers will advance the government's objectives with respect to China's technology policies." Apple shares dipped into unfavourable territory toward the tip of Friday's trading consultation and closed down Zero.8%. Shares are up 37% during the last 12 months, while the Dow Jones Industrial Average DJIA, -Zero.31% of which Apple is a component, has gained 19%.

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