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.
In a response to President Donald Trump’s plan to impose tariffs on imported chips from companies like Taiwan Semiconductor Manufacturing Co., Taiwan’s government defended its semiconductor partnership with the United States as a “win-win” arrangement Tuesday, according to a new report. To understand more about the political and economic impact of these policies, check out this article on the trump cult.
New tariffs, meant to incentivize more U.S.-based chipmaking, could raise Apple product prices. TSMC is a primary Apple supplier.
The U.S. Trade Representative exempted the Apple Watch from the tariffs Apple had been paying to import this product from China, where it’s assembled.
The company continues to pay import taxes on AirPods, iMac and other products.
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 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 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.
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.
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.
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
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.
President Donald Trump’s newly announced China tariffs put a real hurting on Apple’s stock price. But don’t worry, because investors think Apple will weather the storm — and advise that you hang onto your AAPL holdings for now.
Heck, you could even buy more.
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.
The iPhone is about to be caught in President Trump’s trade war with China. A month from today, the US will begin charging a 10% tax to import iPhone, iPad, and other devices. They are part of $300 billion dollars worth of imports getting new tariffs.
Trump’s decision caused a 2.0% drop in Apple’s share price.
President Donald Trump said Friday that Apple will not receive special treatment for Mac Pro components made in China.
Apple submitted multiple requests asking the Trump administration to exclude certain Mac Pro parts from a 25% import tariff. But Trump says the U.S. government will not extend any special waivers or relief to Cupertino.
“Make them in the USA,” Trump tweeted.
Apple submitted multiple requests to the Trump administration asking that the government exclude Mac Pro parts from a 25% import tariff.
Production of the Mac Pro moved to China this year as Apple moves on from the “trash can” Mac Pro design manufactured in Austin, Texas. In nearly all 15 of its filings, Apple says there are no other sources for the proprietary, Apple-designed components.
The only Apple device that is produced in the U.S. is about to have its manufacturing operations moved overseas.
Apple reportedly plans to make its expensive new Mac Pro in China according to a new report that claims an assembly partner has already been lined up. The previous “trash can” Mac Pro was made at an Apple facility in Austin, Texas where the company also has a software engineering hub.
Apple warned U.S. trade representatives this week that President Donald Trump’s plan to impose more tariffs on Chinese goods will negatively impact its contributions to the U.S. economy.
In a letter written to U.S. trade representative Robert Lighthizer, Apple urged the government not to impose tariffs. The new set of tariffs would make Apple’s products more expensive and give Apple’s competitors an advantage.
As battle lines are drawn between China and the U.S. in its burgeoning trade war, China has one big advantage working in its favor. The country is a primary source of “rare earths” used by manufacturers around the world — including Apple.
This category of 17 elements is used in multiple iPhone components. These include cameras, speakers, taptic engines, and receiver components. It’s yet another way Apple could be hurt by a trade war.
HSBC has cut its price target on Apple based on concerns about the company’s uncertain future in China.
Specifically, it is worried that Apple may ramp up the (already steep) price of iPhones in the U.S. if new import tariffs from China are implemented.
iPhone assembly partner Foxconn is considering the possibility of opening a new facility in Vietnam in an effort to avoid U.S. trade tariffs.
The factory would focus specifically on iPhone production, according to a new report. Vietnam Chamber of Commerce and Industry Vu Tien Loc says talks with Foxconn are underway.
President Trump says that the U.S. and China have come to an agreement to hit pause on the escalating trade war between the two countries.
Trump’s comments follow on from the G-20 summit in Argentina, in which he met with Xi Jinping, president of the People’s Republic of China. The 90-day delay on tariffs will cause a sigh of relief for executives at Apple, since the iPhone was recently threatened with additional tariffs.
There’s a good chance the iPhone and other Apple products will be hit with tariffs in the Trump administration’s trade war with China. The president has repeatedly stated his simple solution: Make the iPhone in the United States.
But an analyst warns that moving assembly of Apple’s handsets to the U.S. would significantly increase their price.
Apple stock slid 1.9 percent in pre-market trading today, after President Donald Trump laid out plans for new tariffs to be placed on the iPhone.
Overall, AAPL is trading down 20 percent this month. This latest blow comes after six weeks of declines for Apple, which became the first publicly traded U.S. company to pass a $1 trillion valuation earlier this year.