Bank of America Merrill Lynch is estimating that iPhone prices would rise up to 20 percent if Apple followed through with President TrumpDonald John TrumpTrump officials to announce closure of Palestinian Liberation Organization office in DC: report Alibaba's Jack Ma to step down as chairman in 2019 Trump expected to soon declassify Carter Page, Bruce Ohr documents: report MORE's call for it to shift its factory operations to the USA, according to CNBC. "Apple has highlighted how it sourced over $50 billion of inputs previous year from its 9,000 U.S. suppliers across the country".
The Focus Active was set to be the first Chinese-made Ford offered in the USA, while General Motors now imports the Buick Envision SUV and Cadillac CT6 Plug-In Hybrid.
"[Ford can make Focuses] in many other plants around the world, so if they chose to continue to sell a Focus variant in the USA market, there are several options other than building it in the United States". Trump was quick to tweet that Ford should consider a US production of the auto paying no extra tariffs. Trump wrote, citing a Reuters article posted on CNBC.
The automaker has already said it has no plans to restart production elsewhere.
Trump told reporters Friday that the tariffs would "take place very soon".
In the letter, Apple asks the United States government to "reconsider these measures and work to find other, more effective solutions that leave the USA economy and USA consumer stronger and healthier than ever before".
Apple, in pushing back on the tariff proposal, said it bought more than $50 billion worth of components from US-based suppliers previous year and that it's the largest USA corporate tax payer.
In Ford's case, pulling the plug on the low-volume Focus Active won't be hugely significant to its business because it sells more than 2.5 million vehicles annually in its home market.