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

"This vehicle can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!"

Meanwhile, US President Donald Trump tweeted saying if Apple wanted to avoid higher tariffs, they should just manufacture the products in the US itself, instead of China.

Apple, like other tech giants, has benefited from the last year's overhaul to the US tax code, and the company has committed to returning much of the $252 billion in cash it held overseas.

The statement came after Trump tweeted about an article from August 31, when Ford announced that it was canceling plans to make the Focus Active, a compact crossover, in China and ship them to the United States. Start building new plants now.

The company said the additional proposed tariffs will require it to hike the cost of many of its products in the US. Trump wrote, citing a Reuters article posted on CNBC.

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The company said the tariffs would "show up as a tax on U.S. consumers" and "increase the cost of Apple products that our customers have come to rely on in their daily lives".

Ford will not be moving production of a hatchback to the USA from China - despite Donald Trump's claim on Sunday that his taxes on Chinese imports mean the Focus Active can be built in America.

Beijing and Washington have imposed 25 percent import duties on $50 billion of each other's goods in a battle over technology policy. Apple chief executive officer Tim Cook earlier this year told Trump tariffs "were not the right approach".

In Ford's case, pulling the plug on the low-volume Focus Active won't be hugely significant to its business because it sells more than 2.5 million vehicles annually in its home market. Trump said Friday he is considering another $267 billion of tariffs on China, which analysts said will affect virtually every category of consumer goods, to retaliate against what he calls unfair trade practices.

Mohan also predicted that Apple would need to raise prices by 8 percent if it shifted 10 percent of its manufacturing to the US - which he called the "most likely" scenario.

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