China is breaking at rates with American goods, potentially jeopardizing Apple's supply chain

The day after the US announced $ 200 billi in import duties, China withheld $ 60 billi new own rates.

In a further escalati of the trade wars between the countries, the Department of Commerce in China announced Tuesday that it is taking revenge, with $ 60 billi in tariffs, after the latest tariffs imposed by US Mday. It was not immediately clear which products were affected.

"China has always stressed that the ly right way to resolve the issue of trade between China and the US is through talks and csultatis an equal, sincere and mutually respectful basis," said spokespers for the Chinese Ministry of Foreign Affairs. Geng Shuang in a statement by Reuters. "But at the moment everything does not give the United States the impressi of sincerity or goodwill."

What the retaliati rights mean for Apple is currently unclear. The Trump administrati reportedly pulled 300 product lines, including smart and Bluetooth devices, from the list of affected products, at the request of Apple and other companies when it announced its rates Mday.

Mday, The Wall Street Journal reported that "a number of Chinese officials involved in advising management are proposing to increase trade by limiting the sales of materials, equipment and other compents that are important to the supply chain of US manufacturers."

It is not clear if that happened, but if that is the case, it would certainly have an effect the supply chain of the iPhe and other Apple products. The same diary added that American companies operating in China are "increasingly worried about Chinese retaliati" and have reported an increase in such problems, such as increased inspectis and slower customs clearance.

Appear ABC & # 39; s Good morning America Tuesday, Apple & # 39; s Tim Cook expressed optimism that the differences between the US and China would be worked out.

"Trade is e of those things where it is not a zero-sum game." Cook said. "I am optimistic that the two countries will arrange this and life will ctinue."

© Appleinsider

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