Trump warns Apple iPhones could face 10% tariff, shares sink

Apple Stock Drops as Trump Discusses Potential iPhone Tariff

He said the tariffs could also be placed on laptops and Apple Inc's (AAPL.O) iPhones imported from China, and that any potential backlash from USA consumers could be tempered if the tariff rate was just 10 percent, according to the newspaper.

Mr Trump said it was "highly unlikely" that he would agree to Beijing's request to hold off on the tariff rise, the newspaper said.

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.

The comments ran counter to recent speculation about a possible deal when Trump meets Chinese President Xi Jinping at the G20 summit in Buenos Aires later this week. 'I mean, I can make it 10 per cent, and people could stand that very easily'.

Approximately half of all Chinese imports to the USA have been subject to a 10 percent tariff since September, but if upcoming trade negotiations between the United States and China don't work out, the tariffs could be expanded to all imported goods from China.

Red Dead Online beta roll out starts tomorrow for some
Access begins on each day at the following times: 8:30am EST / 5:30am PT / 1:30pm United Kingdom / 2:30pm Europe. Wednesday, November 28: All players who played Red Dead Redemption 2 on October 26th according to Rockstar data.

Australia without Pocock, Beale and Ashley-Cooper for Twickenham clash
Cannon, who played 42 Tests, said he knew how the current crop were feeling, comparing it to the 2005 spring tour. Most of what gets under your skin is the stuff that is not true'.

Uganda boat accident death toll hits 33
Two fishing boats that came to the aid of passengers were overwhelmed with people and capsized, according to the BBC. Among the survivours of the accident is Prince David Wasajja, brother to Buganda king Ronald Muwenda Mutebi II.

White House economic guru Larry Kudlow told reporters Tuesday that new tariffs are definitely coming 'if we can't get something done.

American and Chinese negotiators are trying to reach a deal that will both prevent future import taxes and remove current ones, but their current positions are far apart.

The Trump administration has blasted Moscow's latest actions in Ukraine, a former Soviet republic, but the president himself has given a far lower key response.

All three major USA indexes finished positive after spending much of the session in negative territory, as Kudlow said there is an opportunity to "turn the page" on a trade war with China. The two sides have been in negotiations for months, but Kudlow described them as being stalemated until just a few weeks ago.

Sterling was weaker across the board after Trump said on Monday the agreement allowing the United Kingdom to leave the European Union may make trade between Washington and London more hard. What would the United States do?' Xu told a small group of reporters in Beijing on Tuesday, adding that China accounts for at least half of the market for many US listed companies. The Kremlin firmly rejected the accusations, warning that Russian Federation would be forced to take measures to ensure its own security if the United States terminates the treaty.

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