President Donald Trump warned computer makers Wednesday that he’ll soon hit them with a 100% tariff on chips and semiconductors imported into the United States. However, companies that make chips in the United States are exempt. Trump specifically called out Apple as one of the companies that will not be affected.
Processors for many Apple products are already produced in Arizona, and the company just announced a new deal with Samsung to make other types of chips in Texas.
Tariffs imposed by President Donald Trump on iPhones and Macs produced in Asia and then imported into the United States will cost Apple $1.1 billion in the current quarter, according to an estimate from Apple CEO Tim Cook on Thursday.
If the prediction proves accurate, the total cost to Apple from these new import taxes will come close to $2 billion … and that number’s growing.
We’ll have to stop thinking of the iPhone as a product made in China — nearly all Apple’s handsets for sale in the United States are reportedly now assembled in India.
It’s part of Apple’s effort to reduce paying the tariffs President Donald Trump places on most products imported into the U.S., especially ones that come from China.
A federal appeals court on Thursday slammed the brakes on a Court of International Trade ruling that blocked President Donald Trump’s imposition of tariffs on a wide array of imported products.
The new ruling by the U.S. Court of Appeals for the Federal Circuit means Trump’s tariffs can stand, at least for the time being. The administrative pause gives the appeals court’s judges time to gather information about the case. “The appeals court also ordered that both sides provide written arguments on the question of the blocking of Trump’s tariffs, to be filed by early next month,” according to CNN.
After the U.S. government seemed to exempt iPhones, Macs and other electronics from hefty tariffs Friday, a clarification issued Sunday by President Donald Trump revealed that’s not the case.
Trump said on Truth Social that his administration did not announce a tariff exemption Friday. Instead, the “existing 20% Fentanyl Tariffs” will still apply to electronics — with higher tariffs possibly coming soon.
In a tremendous turnaround, President Donald Trump removed the hefty tariffs he’d imposed on phone, computers and many other electronics being imported into the United States. The change, which came late Friday, should prevent price hikes that Apple, HP, Dell, etc. would likely have had to charge customers to pay for the import taxes.
There will reportedly also be no tariffs on processors, TVs, solar panels, flash drives and removable memory cards — no matter what country they are made in.
Update: The Trump administration said Sunday that it only provided electronics with temporary tariff relief.
New details emerged Thursday about Apple’s mad scramble to import millions of iPhones ahead of President Donald Trump’s tariffs. The company reportedly rushed 600 tons of iPhones into the United States from India last week. And, while there has been no word of a similar pre-tariff rush of iPhone imports from China, it seems unlikely Apple would overlook such an obvious move.
All this means there are surely even more iPhones, Macs, etc., stockpiled to meet U.S. consumer demand without price hikes — at least in the short term.
A top goal of President Donald Trump’s hefty tariffs on essentially all imports is to force companies to move their production to the United States. That includes bringing iPhone assembly to America. The problem is, there are huge roadblocks that make that goal virtually impossible.
In broad terms, America doesn’t have anywhere close to the production capacity, or sufficient numbers of workers interested in low-paying factory jobs, to produce an all-American iPhone along with everything else Trump wants made in the U.S. Also missing from the equation: customers thrilled about paying much higher costs for products made in the United States.
The result is shaping up to be years of economic difficulties for Americans.
President Donald Trump’s tariffs started going into effect on April 5, and Apple reportedly brought as many products into the United States as possible just before the deadline. That includes five planes full of iPhones and other products coming in from India.
New taxes on imports are expected to push up prices for electronics, including ones from Apple. But with a considerable stockpile, it might be months before Apple is forced into a price increase.
President Donald Trump’s newly announced 54% tariff on Chinese imports sent shock waves through the tech industry, with Apple potentially facing billions in additional costs. This raises an urgent question for consumers: Should you rush to buy that new iPhone or MacBook before prices skyrocket?
You might want to accelerate the timing of that upgrade you had in the back of your mind. But those who aren’t desperate to upgrade might benefit from playing the waiting game. See the ins and outs below.
President Donald Trump’s new import tariffs will hit Apple hard. The president slapped all major manufacturing countries that Apple operates in with heavy import tariffs Wednesday in a bid to reshape international trade.
“It’s our declaration of economic independence,” Trump said during a speech at the White House announcing the tariffs. “Today we are standing up for the American worker and we are finally putting America first.”
This move undermines Apple’s efforts in recent years to diversify its supply chain away from China. The White House says the reciprocal tariffs will go into effect on April 9.
President Biden signed an executive order Thursday that reverses Trump’s attempts to force TikTok’s developer ByteDance to sell the wildly popular app to American companies. But Biden doesn’t take the pressure off it and other Chinese-made apps. He’s just no longer singling out TikTok.
Former president Trump’s plan to create a National Garden of American Heroes has been cancelled by the Biden Administration. It would have created an open-air space with statues of a wide variety of Americans, including Apple co-founder Steve Jobs.
Trump created the garden by executive order, and President Biden completely cancelled it Friday with another executive order. No reason was given.
Apple co-founder Steve Jobs is one of hundreds of people who’ll have a statue in the National Garden of American Heroes that President Trump ordered be created.
The list includes a wide variety of men and women from history, including politicians, generals, explorers, inventors, writers, actors and more.
It’s good to be the president. People just give you things, like the first 2019 Mac Pro assembled in Austin, Texas. Tim Cook gave this pricy computer to Trump, probably after the president toured the factory.
Apple told Parler on Friday that it must either begin moderating “dangerous and harmful” comments posted by users or its application will be removed from the iPhone App Store. The free speech site popular with supporters of President Trump reportedly has until Saturday morning to come up with a “moderation improvement plan” or it’ll be removed.
The move comes because Parler has been accused of being used to plan the attack on the U.S. Capital on Wednesday.
President Trump has given his blessing for TikTok to remain in the U.S. after approving a deal involving Walmart and Oracle taking a financial stake in the company.
However, CNBC reports that Trump’s claims that TikTok’s North American operations have “nothing to do with China” are incorrect. In fact, a new report claims that Beijing-based ByteDance retains an 80% stake in the company.
Downloads of encrypted messaging apps Signal and QQ reportedly spiked following President Donald Trump’s executive order targeting Tencent’s WeChat.
WeChat, while not particularly widely used in the United States, is an essential app in China. Many people who use it in the United States do so to keep in touch with friends and family in China, where WhatsApp has been banned since 2017.
Days after Twitter labeled a Tweet by President Trump as false, Trump on Thursday signed an executive order that seeks to overturn liability protections for social media services.
House Speaker Nancy Pelosi, the president’s most powerful political opponent, called the move “a desperate distraction” on the day U.S. deaths from the COVID-19 epidemic reached 100,000.
President Donald Trump’s on again/off again friendship with Apple could switch to “off again” if he institutes proposed taxes on American companies that produce goods outside the United States.
Intended as an incentive to boost U.S. manufacturing, this would nonetheless hurt Apple — which produces the overwhelming majority of its devices overseas, mainly in China.
During a White House briefing Monday evening, President Donald Trump praised Google and Apple’s unprecedented partnership to build a contract-tracing tool for both iOS and Android as “amazing.” However, he noted that many people “have some very big constitutional problems” with it.
Trump didn’t spell out the exact problem. But he voiced the concerns of people worried about the privacy aspects of new surveillance technologies.