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Trump threatens new taxes on American companies that produce goods outside the U.S.

President Donald Trump threatened on Thursday to impose new taxes on American companies that produce goods outside the U.S., reports Reuters. Obviously, Apple is one such company.

Trump said in a Fox Business Network interview that taxation was an “incentive” for companies to return manufacturing to the United States. However, he didn’t specify whether these would be new across-the-board tariffs or another form of taxes, which would require an act of Congress.

“You know, if we wanted to put up our own border, like other countries do to us, Apple would build 100 percent of their product in the United States. That’s the way it would work,” Trump said.

Apple currently assembles the majority of its iPhones in its Shenzen, China, location, although Foxconn maintains factories in countries across the world, including Thailand, Malaysia, the Czech Republic, South Korea, Singapore, and the Philippines. And that’s not all.

According to Lifewire, Some of the suppliers of key or interesting parts for the iPhone at the time of iPhone 5 and 6 production and where they operate, included:

  • Accelerometer: Bosch Sensortech, based in Germany with locations in the U.S., China, South Korea, Japan, and Taiwan

  • Audio chips: Cirrus Logic, based in the U.S. with locations in the U.K., China, South Korea, Taiwan, Japan, and Singapore

  • Battery: Samsung, based in South Korea with locations in 80 countries

  • Battery: Sunwoda Electronic, based in China

  • Camera: Qualcomm, based in the U.S. with locations in Australia, Brazil, China, India, Indonesia, Japan, South Korea, and more than a dozen locations through Europe and Latin America

  • Camera: Sony, based in Japan with locations in dozens of countries

  • Chips for 3G/4G/LTE networking: Qualcomm 

  • Compass: AKM Semiconductor, based in Japan with locations in the U.S., France, England, China, South Korea, and Taiwan

  • Glass screen: Corning, based in the U.S., with locations in Australia, Belgium, Brazil, China, Denmark, France, Germany, Hong Kong, India, Israel, Italy, Japan, South Korea, Malaysia, Mexico, Philippines, Poland, Russia, Singapore, South Africa, Spain, Taiwan, The Netherlands, Turkey, the U.K., and the United Arab Emirates.

Speak of Apple suppler, TSMC, is said to be on the verge of announcing new plans to build out an advanced 5-nanometer facility in Arizona, The Wall Street Journal reported.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.