Apple will take multiple steps to mitigate the incoming 10% tariff on Chinese imports to the United States, Morgan Stanley believes, with the iPhone producer using non-Chinese assembly and supply lines for US-bound smartphones as a workaround that has been 16 months in the making.
New tariffs on Apple products imported to the United States from China are again in question, as White House economic advisor Larry Kudlow suggests President Donald Trump is still open to making a trade deal that could change the situation.
In the latest chapter of the ongoing trade war, President Donald Trump has threatened to levy a 10% tariff on electronics from China, including most of Apple's product line, in retaliation for moves by the Chinese government.
Apple's share of the global smartphone market fell year-over-year in the June quarter from 11.3% to 10.1%, attributable by a research firm mostly because of better performance by Chinese vendors and Korea's Samsung.
Apple CEO Tim Cook has responded to questions about moving production away from China by saying that he expects the company's global production to continue on its current trajectory, but also that it is investing to increase U.S. manufacturing.
Apple has made a request to the Trump Administration to keep parts used in the new Mac Pro from being affected by import tariffs, a move that aims to keep the cost of the premium macOS workstation as low as possible for its release to consumers in the United States.
Bloomberg had a stunningly important — and apparently stunningly wrong — news story about an alleged iCloud spy chip and it's still hoping we'll forget about it. The company has a responsibility to either prove or retract it, and it's a responsibility the publication is still avoiding, now eight months after publication.
After reports that Apple is investigating a production shift out of China, other firms including Sony, Dell and Nintendo are also planning to move manufacturing of devices such as consoles and smart speakers away from the country because of U.S. tariffs.
Steven Mnuchin says the US and China are close to concluding a deal that would mean an end to the trade war affecting both countries, and if completed soon, would mean that no tariffs would be applied by the federal government on iPhones, Macs, and other tech products.
Consumer electronics — devices like iPhones, iPads, and Macs — will account for about $167 billion of the $300 billion in Chinese imports the government is preparing to level new tariffs on, a trade industry group warned this week.