MarketWatch First Take: Trump’s saber-rattling ahead of China trade talks hurts Apple

President Donald Trump rattled the fiercest saber he could ahead of a summit meeting with Chinese President Xi Jinping later this week when he said that previously exempt Apple Inc. products — the iPhone and the Mac — could be subject to tariffs, if the upcoming trade talks do not go his way.

On Monday, Trump told the Wall Street Journal in an interview that tariffs could be placed on AppleAAPL, +1.35% iPhones and Macbooks made in China, and that he expects to move ahead with plans to boost tariffs to 25% on $200 billion in Chinese-made goods, up from the current 10% levy, if no deal is reached.

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