Donald Trump exempts Apple products from tariffs on Chinese imports

Well well well, looks like Tim Cook's glad-handing has paid off. The Trump administration has now imposed a 10 percent import tariff on a total of more than $500 billion of goods made in China, set to increase to 25 percent in 2019. The tariffs will go into effect on September 24. SEE ALSO: What do Trump and Apple want from each other, anyway? While the tariffs will affect a multitude of industries, Apple fans (and a certain white-haired CEO) have been concerned about what Trump's trade war would do to the price (and desirability) of Apple products. Apple assembles its its devices in China, which would have made them subject to tariffs. That could have added a cost that would have likely made the already expensive Apple products even pricier. Read more... More about Apple, Iphone, China, Trump, and Trade source: https://ift.tt/2PFQjVy #Headlines by: Rachel Kraus Original Post: https://ift.tt/2PFQjVy https://ift.tt/2pjzBAe
source: https://droolindognews.blogspot.com/2018/09/donald-trump-exempts-apple-products.html