Apple Inc. said the Trump administration's proposed tariffs on China would impact "a wide range" of its products, including the Apple Watch and AirPods.
In a letter to the U.S. Trade Representative, Apple said the White House's proposed tariffs of 25% on $200 billion worth of Chinese goods would affect the Apple Watch, AirPods, HomePod, MacMini, Apple Pencil, and various adapters and cables, among other products and product components. The letter, dated Sept. 5, was written in response to a government request for public comments on the matter.
"Our concern with these tariffs is that the U.S. will be hardest hit, and that will result in lower U.S. growth and competitiveness and higher prices for U.S. consumers," Apple said in its letter. The tariffs also would result in higher prices on Apple's consumer goods, it added.
The U.S. has levied 25% tariffs on $50 billion worth of Chinese goods, with similar tariffs on an additional $200 billion in goods in the final stages of being implemented. President Donald Trump said Sept. 7 he is considering tariffs on another $267 billion worth of goods from China.
Apple's stock began falling near the close of trading Sept. 7, ending at $221.30, down 0.81% for the day. Shares continued to move lower in after-hours trading.