Apple CEO Tim Cook revealed during Thursday’s quarterly earnings call that the company intends to apply for refunds on tariffs it paid under trade measures that the Supreme Court recently ruled unconstitutional. And has a clear plan for where that money will go: straight into U.S. manufacturing.
The Supreme Court ruled Friday that President Donald Trump does not have the authority to impose tariffs on imports coming into the United States from virtually every country. This could ease costs for U.S. companies that rely heavily on overseas manufacturing, including Apple.
In the months since Trump began broadly imposing tariffs, Apple paid billions in these import taxes. And it rearranged its supply chain to move some product assembly away from China, the country that the president made the primary focus of his tariff policy.
The tariff Apple must pay to import iPhones and other products assembled in China will be cut in half — down to 10%. U.S. President Donald Trump announced the change after a meeting with China’s President Xi Jinping on Thursday.
It’s a change that could save Apple billions of dollars.
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.
President Donald Trump invited Apple CEO Tim Cook to the White House on Wednesday to announce Apple’s new investment of an additional $100 billion in domestic manufacturing. It’s part of a new program designed to bring more of Apple’s supply chain to American shores.
U.S. President Donald Trump doubled the tariff rate charged on products imported into the United States from India on Wednesday, but the increase excludes iPhones produced in the country.
That’s a major relief for Apple, as it shifted production to India to escape Trump tariffs on products brought in from China.
The news pushed Apple’s share price up 5% on Wednesday.
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.
When Apple reveals the financial details of the spring 2025 quarter, Wall Street analysts expect solid, if not spectacular, growth from the Mac maker.
It’s not what some analysts feared would happen earlier this year, especially after a warning from Apple CEO Tim Cook in the spring that tariffs imposed by President Donald Trump on iPhones and Macs produced in Asia and then imported into the United States would cost the company about a billion dollars during the April-through-June quarter.
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.
Apple’s much-anticipated launch of Apple Intelligence in China has been indefinitely delayed as the company’s AI partnership with Alibaba faces regulatory roadblocks tied to the intensifying trade war between the United States and China, according to a new report.
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.
President Donald Trump wants Apple to make iPhones in the United States. Otherwise, he threatens to impose a 25% tariff on the company.
A well-connected supply chain analyst thinks that, from a profitability standpoint, it’s better for Apple to absorb the 25% tariff on iPhones. But the bigger concern is the growing political pressure from the U.S. president.
President Donald Trump renewed his call on Friday that the iPhone be made in the United States, and threatened Apple with a special 25% tariff if the device gets assembled anywhere else.
Previously, Apple seemed caught up in Trump’s trade war with China, as so many of its products are assembled there. But now Trump’s ire turned specifically on Apple, causing him to threaten import taxes on its products alone.
President Donald Trump made it clear Wednesday he doesn’t want Apple to manufacture its products in India.
“I don’t want you building in India,” Trump reportedly told Apple CEO Tim Cook during a phone call Wednesday.
Tariffs might force Apple to increase the prices of the iPhone 17 lineup. The company reportedly will highlight the new designs and features of this year’s models to justify the price increase.
Without raising prices, Apple can’t offset the increased tariffs on Chinese-imported products sold in the United States.
Apple CEO Tim Cook said Thursday that he expects the tariffs imposed by President Donald Trump to add at least $900 million to the company’s costs during the current quarter, which ends in June.
Speaking with investors after the company announced its quarterly earnings results, Cook also said Apple will assemble most of the products it sells in the United States outside of China this quarter to avoid the tariffs fueling an ongoing trade war between the two countries.
Wall Street is putting out positive vibes about the March quarter results Apple will announce Thursday. Analysts anticipate a 4% increase in Apple’s revenue, plus a jump in earnings per share.
That might seem surprising in the wake of President Donald Trump imposing a 20% tariff on electronics coming in from China. However, the Apple financial results about to be revealed are for the quarter that ended in March. Trump didn’t announce the tariffs until April, so they don’t affect these numbers. That won’t happen until Apple provides its June quarter results.
In a major supply chain shift, Apple plans to move the production of all iPhones sold in the United States to India by the end of 2026. This move should allow the company to avoid the extra tariffs the U.S. government imposed on China amid escalating trade tensions.
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.
This week on Cult of Mac’s podcast: The latest video from Front Page Tech leaker in chief Jon Prosser gives us a closer look at what iOS 19 might look like. Its glossy UI elements and rounder “squircles” for app icons get us pondering the future. And the feud between Prosser and Bloomberg scoop machine Mark Gurman gets us laughing!
Also on The CultCast:
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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.
Apple supplier Luxshare started discussing potential manufacturing relocations due to tariffs with customers, including a possible production shift to the United States, according to a new report. It cited comments made by company chairwoman Wang Laichun during an analyst call Wednesday. The Chinese manufacturer assembles iPhones and AirPods for the tech giant.
“If there is a commercial guarantee and we are able to conduct a good evaluation, we do not rule out having some products being localized to meet the needs of the US market,” Wang stated, adding that the company would carefully weigh “long-term development and safety considerations” before making such moves.
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.
Employees at Apple Stores across the country reported throngs of iPhone buyers over the weekend, according to a new report. Larger-than-average crowds look like a response to President Donald Trump’s tariffs on goods imported from China and other countries — and the specter of rising iPhone prices. In a happy surprise, the tariffs might actually drive iPhone sales before they potentially jack up prices.
Most iPhones come from China, which is up against a 54% tariff on exports to the United States. Most experts agree that rising costs will be passed on to consumers.