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Media Report
July 26 , 2019
  • The Wall Street Journal reports: "President Trump said Friday his administration won't give Apple Inc. waivers from tariffs nor any type of relief for the parts of its Mac Pro computers made in China, saying the only way the tech giant can avoid the penalty is to make them in the U.S. Apple has applied for exemptions from a number of items that were first hit by 10% tariffs in September of last year. Last month, the U.S. raised tariffs on those items to 25%. The exemptions Apple applied for in July 18 filings apply to items such as graphics processors, data cables and the structural frames for computers. 'Apple won't be given Tariff wavers, or relief, for Mac Pro parts that are made in China. Make them in the USA, no Tariffs!' the president wrote on Twitter on Friday. Apple didn't respond to a request for comment."
  • The Washington Post reports, "The Trump administration revealed details of its $16 billion aid package for farmers hit in the U.S.-China trade war — with key provisions meant to avoid large corporations scooping up big payouts at the expense of small farmers. In 2018, payout to individual farmers hurt by the trade war with China was capped at $125,000; this time it has been raised to $250,000 per person or legal entity, with a cap of $500,000 across three categories — for those who produce soy as well as vegetables and pigs. The cap comes in response to claims of significant abuse in last year's $12 billion trade relief package. The Environmental Working Group, using data received under the Freedom of Information Act, found individual farmers in five states — Indiana, Illinois, Missouri, Tennessee and Texas — received more than $900,000 in 2018, largely through a loophole that allowed each member of a farm-owning family to apply for relief."
  • Bloomberg reports, "China rebuffed FedEx Corp.'s claims that it mistakenly rerouted some Huawei Technologies Co. packages to the U.S. and warned that authorities found other violations by the American delivery firm, raising concern the company could face repercussions from Beijing. 'It is not true that its wrong transfer of Huawei parcels were operational errors,' Chinese Foreign Ministry spokeswoman Hua Chunying said at a briefing in Beijing on Friday. 'During our investigation we also found out other FedEx activities in violation of the law so we will continue to have in-depth investigations on it.' The case has stoked concerns that Beijing is starting to crack down on U.S. companies -- a Ford Motor Co. venture was recently fined -- in retaliation for Washington placing curbs on Huawei. The moves come amid the broader backdrop of the U.S.-China trade war, which has seen relations between the two superpowers deteriorate and prompted some companies to shift production out of China."
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