Trump’s iPhone tariff reprieve is great news for Apple investors

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Apple just snapped up Intel's modem business for $1 billion.
Apple stock had a great day this week.
Photo: Mathieu Turle/Unsplash CC

Apple and its suppliers soared on the news that the iPhone would not be hit by tariffs in President Trump’s ongoing trade skirmish with China.

AAPL reached as high as $209.90 Tuesday. It started the day hovering around $200. That’s an increase of around 4.2%. Meanwhile, suppliers in Japan enjoyed a good trading day Wednesday. Some stocks jumped as up 6%.

AirPods won’t escape Trump’s tariffs this time

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Bluetooth in iOS 11
Apple will have to pay import taxes on AirPods starting next month.
Photo: Cult of Mac

Not all Apple devices will escape the taxes being levied next month on goods imported from China. The Trump Administration decided to delay tariffs on iPhone, iPad and Mac, but other popular products will still get slapped with a 10% import tax, including Apple Watch, AirPods and HomePod

Trump delays tariffs on iPhone, Mac and iPad

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iPad and iPhone tariffs aren't happening. Yet.
You won’t have to pay extra for an iPad imported from China next month.
Photo: Ed Hardy/Cult of Mac

Shares of Apple jumped over 4% after iPhones were removed from the list of items that will be hit with import taxes at the beginning of September.

However, tariffs could still go into effect for phones, Macs, and other Apple products in mid December.

China tariffs may not make iPhones more expensive for customers

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iPhone XS Max
Ming-Chi Kuo thinks Apple will absorb the cost of increased import duties.
Photo: Ed Hardy/Cult of Mac

Don’t panic: the introduction of new import tariffs by President Trump isn’t going to make the next iPhone even more expensive!

That’s the message from reliable Apple analyst Ming-Chi Kuo. In his latest note to client, Kuo says that he thinks Apple will absorb the cost of any tariffs, rather than pass them on to customers.

End in sight for damaging trade war with China

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Apple is not about to raise a white flag and give up on China.
Trump’s trade war with China is bad business for Apple.
Photo: Fredrik Rubensson/Flickr CC

The burgeoning trade war with China has caused Apple no end of headaches. But an end could be in sight, according to Treasury Secretary Steven Mnuchin.

Speaking with CNBC, Mnuchin said that the U.S. and China have a “path to complete this.” He notes that both parties were “90% of the way there” during previous talks, before discussions broke down.

Trump’s Huawei ban could wind up hurting Apple, too

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Chinese company Huawei wants the media buzz that would come with releasing the world's first foldable phone.
President Trump announced his attack on Huawei on Wednesday.
Photo: Kārlis Dambrāns/Flickr CC

A ban on China’s Huawei company by the White House could wind up hurting Apple, concerned analysts claim.

President Donald Trump’s administration announced plans Wednesday to ban technology and services of “foreign adversaries” that pose “unacceptable risks.” But possible Chinese retaliation against major U.S. companies could hit Apple hard.

FBI got warrant to force Face ID unlock on Cohen’s devices

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Michael Cohen Face ID
Michael Cohen was forced by a court warrant to open his iPhone with Face ID.
Photo: Apple

Michael Cohen’s Apple devices were treated as evidence by federal investigators, who obtained warrants to compel President’s Trump one-time fixer to use Touch ID and Face ID to unlock them.

The warrants were used during an FBI raid on Cohen’s home and office last year. Court documents with warrant details were made public this week.

Apple joins coalition of companies supporting Dreamers

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Tim Cook and Ivanka Trump
Tim Cook has been an outspoken supporter of Dreamers.
Photo: Apple

Apple has teamed up with a whole lot of other companies — including Amazon, Facebooks and others — to urge Congress to protect the ability of so-called “Dreamer” immigrants to legally stay and work in the U.S.

“With the re-opening of the federal government and the presumptive restart of immigration and border security negotiations, now is the time for Congress to pass a law to provide Dreamers the certainty they need,” the coalition of companies wrote in a letter to lawmakers. “These are our friends, neighbors, and coworkers, and they should not have to wait for court cases to be decided to determine their fate when Congress can act now.”

After Trump call, Foxconn recommits to Wisconsin factory

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Foxconn Wisconsin
Foxconn is recruiting temporary workers to build new iPhones.
Photo: Foxconn

How a Foxconn factory in Wisconsin takes shape depends on what day of the week it is.

Today, company CEO Terry Gou is committing to a “Gen 6 fab facility” in the dairy state after having a “personal conversation with President Donald Trump.

How many jobs will come with a Gen 6 fab facility or what exactly it will build is not known. A Gen 6 factory typically builds screens for smartphones, tablets and small televisions.

Tim Cook told Trump tariffs are the wrong way to deal with China

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Donald Trump speaks to supporters at an immigration policy speech at the Phoenix Convention Center in Arizona.
Tim Cook met with President Trump last month.
Photo: Gage Skidmore/Flickr CC

Tim Cook has shared some of the details of his recent meeting with President Donald Trump, during which he reportedly criticized the White House’s trade war with China.

“I felt that tariffs were not the right approach there, and I showed him some more analytical kinds of things to demonstrate why,” Cook told Bloomberg Television. Cook is referring to the Trump administration’s 25 percent tariffs on around $50 billion worth of products entering the U.S. from China.