Richard Arnold: US Correspondent on the impact of the tariffs on Apple, the increased tariffs on China
The Mike Hosking Breakfast - En podkast av Newstalk ZB - Onsdager
More than 70 countries have approached the White House for talks following Trump’s tariffs. There's been no let up on China though – the US has promised to hit them with a 50% increase tomorrow. That will take China's total tariff rate to 104%. US Correspondent Richard Arnold told Mike Hosking the world's biggest company, Apple, has been dealt a massive blow. He says its lost 20% of its market value in the past three days, and is pivoting production to India instead of China. The White House has raised the idea of manufacturing in the US, but Arnold says it’s unlikely as it would costs thousands of dollars more. LISTEN ABOVE See omnystudio.com/listener for privacy information.
