Politics: Sanders: 'Of course' I would use tariffs as president - PressFrom - US
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PoliticsSanders: 'Of course' I would use tariffs as president

23:30  25 august  2019
23:30  25 august  2019 Source:   thehill.com

At a private dinner, Tim Cook told Trump that his tariffs are hurting Apple and helping Samsung

At a private dinner, Tim Cook told Trump that his tariffs are hurting Apple and helping Samsung Apple investors over the past few weeks have been particularly wary of looming tariff increases on a range of products imported from China. With some devices potentially subject to a tax as high as 25%, it's widely expected that Apple, when push comes to shove, will eat the tax as opposed to passing along the additional cost to consumers. Either way, Apple's bottom line is poised to take a hit. In the meantime, Apple has been lobbying hard to convince the Trump administration that tariffs might lead to a range of unintended consequences.

Sen. Bernie Sanders (I-Vt.), a top-tier Democratic presidential candidate, said he would use tariffs as one tool negotiating with China while clarifying that he thinks President Trump's behavior on the trade negotiations has been "irrational" and is damaging the global economy.

Sanders: 'Of course' I would use tariffs as president© Aaron Schwartz Sanders: 'Of course' I would use tariffs as president

Sanders said Sunday on CNN's "State of the Union" that tariffs are one tool a president has and "of course" he would use them if he was president.

"It is used in a rational way within the context of a broad, sensible trade policy. It is one tool that's available," Sanders said, adding that he "helped lead the effort against permanent normal trade relations with China and NAFTA."

Trump and Tim Cook talked easing tariffs again

Trump and Tim Cook talked easing tariffs again On Friday night, the President once again tweeted about Apple . This time, however, things were a bit more positive. “Having dinner tonight with Tim Cook of Apple,” he wrote in advance of the meeting. “They will be spending vast sums of money in the U.S. Great!” The pair had dinner at Trump’s golf club in Bedminster, New Jersey. On Sunday, the President offered a debrief of the meeting after 10 days at the club, telling a small gathering of reporters, “I had very good meeting with Tim Cook […] Tim was talking to me about tariffs, and one of the things, he made a good case, is that Samsung is their number one competitor and Samsung is their number one competitor and Samsung is not payi

"We need a rational trade policy today, not what Trump is doing by tweet," the senator said.

Trump's actions have been "totally irrational" and are "destabilizing the entire world economy," Sanders said.

"You do not make trade policy by announcing today that you're going to raise tariffs by X-percent, and the next day by Y-percent, by attacking the person you appointed as head of the Federal Reserve as an enemy of the American people, by denouncing the president of China, who last year you really loved as a great leader," he said.

"This kind of instability and irrationality on the part of the president is causing very serious harm to the entire world economy. Yes, we need a new trade policy."

Trump and administration officials have dismissed warnings that the tariffs on China have caused harm to Americans, claiming they are only hurting China.

Trump appeared to soften on the issue Sunday at the Group of 7 summit in France, telling reporters he had "second thoughts," on the tariffs.

But White House officials later said Trump heard the question wrong and meant he had second thoughts about further tariffs, not the ones that he announced.

Tariffs hit Apple and other tech companies tomorrow.
Some of the tech you like is about to get more expensive -- at least for the companies that design them, if not you. True to earlier plans, the Trump administration has formally enacted a new round of tariffs against China-made products that will take effect September 1st. The measures will hit tech companies with 15 percent tariffs on a range of goods, with Apple potentially feeling the pinch harder than most. The hikes will affect AirPods, the Apple Watch, some Beats earphones, the HomePod and iMacs. The tariffs will also affect a range of components, including cameras, flash storage, optical discs (like Blu-ray and DVD) and lithium-ion batteries.

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