• Upcoming 2019 Apple iPhones escape tariffs until mid-December

    8 days ago - By Phone Arena

    Back on August 1st, U.S. President Donald Trump disseminated a tweet announcing that another $300 billion of Chinese imports would be taxed at 10% starting on September 1st. This tier of products includes smartphones like the Apple iPhone, and other consumer electronics goods shipped to the states from China. Since the iPhone is designed in the U.S. but assembled in China, it is considered an import from that country and is subject to the tariffs. Since the latter is a tax that U.S. companies pay, Apple could decide to eat the entire cost of the tax, pass it on to consumers in the form of ...
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  • Apple's Stock Surges After U.S. Delays Additional 10% Import Tariff on Products Like Cell Phones and Laptops

    Apple's Stock Surges After U.S. Delays Additional 10% Import Tariff on Products Like Cell Phones and Laptops

    9 days ago - By Mac Rumors

    Apple's stock has surged around five percent after the United States Trade Representative announced that an additional tariff of 10 percent on approximately $300 billion of Chinese imports will be delayed to December 15 for products such as cell phones, laptop computers, and monitors, per CNBC .
    Moreover, the USTR said certain products are being removed from the tariff list based on "health, safety, national security and other factors" and will not be subject to the additional tariff of 10 percent whatsoever. It is unclear if this decision applies to any Apple products or...
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  • AAPL up 5% in five minutes as no Chinese tariffs for this year's iPhone launch

    AAPL up 5% in five minutes as no Chinese tariffs for this year's iPhone launch

    9 days ago - By 9to5Mac

    AAPL stock climbed more than 5% in just five minutes after the US government announced a delay to the latest range of tariffs on Chinese imports.
    It reverses the 5% drop seen a week ago, when China devalued its currency in response to Trump's announcement that a 10% tariff would be applied to a further $300B of US imports...
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