Chinese officials acknowledged Chinese exporters have been rushing out shipments to beat new USA tariffs, buoying the headline growth readings, while some companies such as steel mills are diversifying and selling more products to other countries.
"Tariffs increase the cost of our U.S. operations, divert our resources and disadvantage Apple compared to foreign competitors", Apple wrote in its filing with the U.S. Trade Representative.
"Our concern with these tariffs is that the US will be hardest hit, and that will result in lower USA growth and competitiveness and higher prices for USA consumers", the company said.
Apple declined to comment beyond its filed statement. Apple's letter to the USA trade office named several company products that risk facing duties; they include the HomePod, the Apple Pencil, company chargers and adapters for Apple devices, and even the leather covers for iPhones and iPads.
The company is highly exposed to a trade war between the USA and China.
U.S. Census Bureau. Trade in Goods with China.
It is not immediately clear how Apple could pay no tax if it moved its manufacturing process to the US.
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The letter did not mention the iPhone, which accounted for about two-thirds of its US$229 billion in revenue in its most recent fiscal year.
Trump said Friday that tariffs on China worth $200 billion would "will take place very soon depending on what happens". -China trade war, the combined monthly value of goods and services traded between the two nations would be roughly $1 billion, or 2%, higher through July 2018 that what actually has been recorded.
Mr. Cook has expressed optimism the U.S.
"We absolutely must buy our raw materials in China because they are not sufficiently available in the USA or even in other countries", he said. "Each country can only prosper if the other does", he said in the summer call with analysts.
"The end game in the U.S".
The White House has accused China of stealing US intellectual property and forcing American companies to share their technology with Chinese companies.
The public comment period on the new tariffs ended Thursday, the last step before a decision.
Jeffrey Frankel, a professor and economist at Harvard University, said some concerns American companies have raised about China are valid. The company noted it spent $50 billion with 9,000 US suppliers in its most recent fiscal year, including Texas-based chip firm Finisar Corp and Kentucky-based Corning Inc.