U.S., Europe optimism helps global stock index dodge trade war dread

Despite Trump tweet, Ford says it won't make hatchback in US

Ford earlier announced it would not ship the cars from China to the United States because tariffs would make them too expensive, prompting a Trump tweet saying "This is just the beginning".

And, according to BOA Merrill Lynch analyst Wamsi Mohan, Apple may just give in to the president's request by asking its partners to bring some iPhone assembly operations into the USA, which will lead to higher prices.

Chip giant Intel has also come out against the proposed tariffs, arguing they would "result in widespread harm to the US economy" that would affect CPUs, transmission devices, printed circuit boards, routers, switches, and optical fiber cables.

Even cars that are both made and sold in the USA are not exempt from the implications of tariffs.

Its statement came after President Donald Trump tweeted Sunday that if the automaker built its crossover model on American soil then it wouldn't pay any tariffs.

Mr. Trump presumably learned about Ford's decision to cancel the Focus Active from a TV news program and inferred the announcement meant that Ford would build the CUV in America. It makes many of its products for the USA market in China, and it also sells gadgets including the iPhone in China, making them a potential target for Chinese retaliation against the Trump tariffs.

Over the weekend, President Trump acknowledged via a tweet (how else) that Apple might raise prices on some of its products as a result of the president's proposed $200 billion tariffs on China.

Florence regains hurricane strength, on track to hit U.S. East Coast
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Cardi B Has Thrown a Shoe During a Fight in the Past
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"Exciting! #MAGA", Trump tweeted on Saturday after Apple outlined its arguments against U.S. tariffs on Chinese made products.

In April, Ford announced plans to stop making cars in the United States - except for the Mustang - and to focus on more profitable SUVs.

The company said the tariffs will raise costs for USA -based technology companies that manufacture ICT products such as desktop computers, laptops and servers.

The company said tariffs would hit "a wide range of Apple products", including computers, watches, adapters, chargers and tools used in its US manufacturing, fix and data centers.

However, the company's letter adds that every product of theirs "contains parts or materials from the United States and is made with equipment from USA based suppliers".

China's trade surplus with the United States widened to a record in August even as the country's export growth slowed slightly, an outcome that could push President Donald Trump to turn up the heat on Beijing in their cantankerous trade dispute. The higher expense of USA labor would likely boost the price of Apple products by 20 percent, CNBC.com reported, citing Bank of America Merrill Lynch.

The Focus Active may be the first vehicle officially killed by the administration's tariffs, but it likely won't be the last.

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