President Trump: Tax border would make Apple build 100 percent of products in U.S.
What you need to know
- President Trump has given an interview with Fox Business Network.
- He spoke about how taxation was an incentive for companies to return manufacturing to the U.S.
- He also said that "if we wanted to put up our own border", Apple would make "100 percent of their products in the United States."
President Donald Trump has told Fox Business Network he may tax businesses who manufacture goods outside of the U.S., in a bid to try and incentivize companies to return manufacturing to U.S. soil.
As Reuters reports, the President sat down with Fox Business on May 14, where he "threatened" to tax American companies that made their goods outside of U.S. soil. From the report:
Naming Apple specifically, the President said "You know, if we wanted to put up our own border, like other countries do to us, Apple would build 100 percent of their product in the United States. That's the way it would work."
According to the report, when the President was asked about tax incentives for companies that returned manufacturing to the U.S., "he said he may tax them if they don't", further suggesting it was their duty to make the move:
As Reuters notes, the President also said that global supply chains were "stupid", and argued that they shouldn't exist:
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9