The latest round of presidential tweeting came after Apple's warning that tariffs on Chinese goods would drive up the cost of products such as the iPhone. Kristin Dziczek of the Center for Automotive Research said that 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".
Hong Kong stocks suffered the sharpest losses, falling 1.3 percent in the morning, while Shanghai slipped 0.8 percent with news that China's surplus with the USA hit a record in August adding to concerns Trump will push ahead with the tariffs.
New tariffs on China would make some Apple products more expensive.
In a tweet sent on September 8, the U.S. president wrote: "Apple prices may increase because of the massive tariffs we may be imposing on China - but there is an easy solution where there would be ZERO tax, and indeed a tax incentive".
Asian shares started the week in the red on Monday, faltering for the eighth straight day while the dollar climbed as U.S. President Donald Trump raised the stakes in the heated trade dispute with China. Apple said the tariffs would raise the cost of its USA operations and put it at a disadvantage to foreign rivals. The president offered the same remedy on Sunday for Ford, which no longer plans to export the Focus Active from China to America because of threatened auto tariffs. But it is running out of room to match them dollar-for-dollar, raising concern it will resort to other measures, such as weakening the yuan or taking action against US companies in China.
- "This is just the beginning", Trump tweeted.
Nintendo Switch Online Launches September 18, 2018
Although it was recently revealed that not all games will use cloud saving, including some major first and third party titles. This week's Nintendo Direct will be a 35-minute showcase of upcoming 3DS and Switch games.
"The overall trend for the US economy remains positive", said Lachlan McPherson, Senior Investment Consultant at Charles Schwab Australia.
However, a Ford spokesman Mike Levine indicated that there isn't a good a business case to build the low-margin, niche model in the U.S. Apple said import duties on $200 billion in Chinese goods would raise the prices for Apple Watches and other products.
Beijing has warned of retaliation if Washington launches any new measures, but it is running out of room to match them dollar-for-dollar, raising concerns it could resort to other measures such as weakening the yuan or taking action against USA companies in China.
"Ford has all in an instant killed a conception to promote a Chinese language-made minute automobile within the U.S. due to the likelihood of greater U.S. Tariffs".
In addition, US stocks with a high exposure to China have underperformed the broader S&P 500 index since mid-June, when the White House announced the first tariffs.
The Australian dollar, which is viewed as a gauge of confidence in China's economy because of the huge amount of Australian raw materials bought by Chinese companies, also came under pressure.It was trading near its lowest level against the U.S. dollar since early 2016, when fears of a collapse in Chinese growth roiled markets. The United States on July 6 began imposing a 25 percent tax on $34 billion in Chinese imports, including motor vehicles.