Trump’s China deal may stop Apple hiking prices of iPhones and iPads

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Trump’s China deal may stop Apple hiking prices of iPhones and iPads
That's good news for Apple and its customers.
Photo: White House

Apple has been given a welcome reprieve on tariffs for the iPhone, iPad and Mac after President Donald Trump agreed to a limited trade deal with China on Thursday.

The phase one agreement means rolling back existing tariff rates on Chinese goods and canceling new tariff rates that would have gone into effect Sunday.

Apple seeks tariff waivers for key product lines

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A future Apple Watch might be able to alert you that you’re breathing poison.
Apple wants relief from Trump's tariffs on Apple Watch and other products imported from China.
Photo: Leander Kahney/Cult of Mac

Apple requested exemptions for the import taxes it must pay when bringing many of its products from China. Currently, the Trump administration levies these on Apple Watch, AirPods, iMac and more.

These tariffs went into place in September as Apple got caught up in President Donald Trump’s trade war with China.

New China tariffs could cost average U.S. household $1,000 per year

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Apple could be a $2 trillion company by end of 2021
Apple hasn't yet revealed if it's ramping up prices.
Photo: Ste Smith/Cult of Mac

New tariffs on imported Chinese products in the escalating U.S. vs. China trade war could cost the average household $1,000 per year, J.P. Morgan Chase claims.

The first round of tariffs went into effect Sunday at 12:01 a.m. They mean that various products, including some Apple devices, are taxed at 15% upon entering the U.S.

Tim Cook has Trump on speed dial

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President Trump: Apple encryption could protect ‘criminal minds’
Tim Cook has no problem picking up the iPhone to call President Trump.
Photo: Gage Skidmore/Flickr CC

President Donald Trump and Tim Apple, err, Tim Cook are BFFs. Well, according to Trump at least.

Describing Cook as a “great executive,” Trump says the Apple CEO isn’t afraid to pick up the phone and call whenever there’s something on his mind. “He calls me, and others don’t,” Trump said, comparing Cook to other execs.

Trump admits his tariffs could give Samsung an advantage over Apple

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Apple shares suffer biggest decline since August
Apple CEO Tim Cook and President Donald Trump appear to have a good working relationship.
Photo: White House

During a Friday-night dinner with Donald Trump, Apple CEO Tim Cook very nearly convinced the president that import taxes planned for iPhone and other products would benefit Samsung.

Apple will pay proposed tariffs on products imported from China, while Korea-based Samsung — Cupertino’s chief competitor — will not.

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.