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Trump responds to Apple tariff concerns, suggests 'easy solution'

President Donald Trump on Saturday gave the impression to reply to Apple Inc.'s AAPL, -Zero.81% letter concerning the have an effect on that proposed tariffs will have on the Apple Watch, AirPods, and different merchandise. "Apple prices may increase because of the massive Tariffs we may be imposing on China - but there is an easy solution where there would be ZERO tax, and indeed a tax incentive," he wrote on Twitter. "Make your products in the United States instead of China." He urged Apple to "start building new plants now" and ended his message with: "Exciting!" Apple on Wednesday despatched a letter to the U.S. trade representative announcing that a proposed 25% tariff on $200 billion worth of products imported from China would have an effect on numerous Apple merchandise, including the Watch, Mac Mini, and charging cables. "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 corporate mentioned in the letter. Apple's inventory closed down Zero.eight% in Friday's session, while the Dow Jones Industrial Average DJIA, -Zero.31% fell Zero.three%.

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