Apple could 'ultimately mitigate' Trump's tariffs, UBS says (AAPL)

Apple could 'ultimately mitigate' Trump's tariffs, UBS says (AAPL)

Apple could 'ultimately mitigate' Trump's tariffs, UBS says (AAPL)

"If we don't make a deal, then I'm going to put the $267 billion additional on", Mr Trump was also quoted as saying.

"The only deal would be China has to open up their country to competition from the United States".

Neither White House nor the U.S. Commerce Department immediately responded to a request for comment. -China trade relations, tariffs are not the best way to resolve them.

Will the Trump-Xi meeting rekindle their "great chemistry"?

Speaking to the Wall Street Journal, Trump said that the only deal he would take from China would be to open up to USA competition. Cui also questioned if the USA could weather another financial crisis that may emerge if the trade war is prolonged.

Asian shares battled to extend a global rebound today after US President Donald Trump seemed to quash hopes of a trade truce with China, dampening risk appetite across the region.

"China will not be able to get away with general and vague promises this time". "Combined with last week's harsh report from the USA trade representative, investors have only the flimsiest hope that the Trump-Xi meeting in Argentina will amount to more than a hill of soybeans". Could they not authorize new phones for sale in the country?

If Trump goes ahead with the additional punishing duties, it would include Apple products produced in China. Washington and Beijing remain at odds on key issues such as USA accusations of intellectual property theft and forced technology transfer, he said.

But it remains unlikely that Beijing will take any concrete action on some of Washington's key demands - particularly on subsidies, support for its state-owned enterprises and its industrial upgrade plan, according to Shi, who also advises the Chinese government on foreign policy.

Economists at the Dutch lender Rabobank said the world economy could suffer badly over the next decade if the US-China trade war escalates further, with as much as 2% of GDP growth lost by 2030.

Days before the high-stakes dinner, it was unclear whether the two sides had agreed on a formal agenda for the leaders' conversation after the G20 summit in Buenos Aires.

National Security adviser John Bolton said Trump will also be meeting with German Chancellor Angela Merkel, Japanese Prime Minister Shinzo Abe, Argentine President Mauricio Macri, South Korea's Moon Jae-in, Turkish President Recep Tayyip Erdogan and Indian Prime Minister Narendra Modi.

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