U.S. President-elect Donald Trump speaks as PayPal co-founder and Facebook board member Peter Thiel (C) and Apple Inc CEO Tim Cook look on during a meeting with technology leaders at Trump Tower in New York U.S., December 14, 2016. - REUTERS filepic
SAN FRANCISCO: Apple Inc chief financial officer Luca Maestri said a US border tax would harm the world’s largest economy by raising costs for consumers and making it harder for companies to compete overseas.
A border tax also would increase the value of the US dollar, which is already too strong, and reduce the competitiveness of the country’s economy, the CFO said on Tuesday at a technology conference in San Francisco sponsored by Goldman Sachs Group Inc.
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