Apple, Intel join lawsuit against Trump-era tariffs on Chinese goods
Apple, Intel, and Pfizer have joined 3,700 other US firms in a lawsuit against tariffs imposed on $300 billion worth of Chinese goods during the Trump administration.
Apple, Intel, and Pfizer have joined 3,700 other US firms in a lawsuit against tariffs imposed on $300 billion worth of Chinese goods during the Trump administration.
The U.S. has introduced new suspended tariffs against six countries that have target tech giants by implementing digital services taxes, the office of the U.S. Trade Representative said.
The U.S. plans to enact new retaliatory tariffs on nations that tax digital goods from American internet companies, including those that tax App Store purchases.
Apple CEO Tim Cook chose to take a direct and personal approach when facing potential billion-dollar tariffs on parts and finished goods imported from China.
On the first possible day it could, Apple is petitioning the US Trade Representative for for relief on tariffs that went into effect on September 1 for a large swath of its product line — including iPhone and Mac Pro parts.
Apple has announced that the new Mac Pro is going to be manufactured in the same Austin, Texas plant as the previous model, following tariff exemptions just granted for certain components.
The U.S. Trade Representative has implemented President Trump's planned 30% tariff on goods, including Apple products such as Macs and audio devices, that are imported from China.
Through a series of tweets, President Trump has escalated the trade war with China by claiming that the US has lost trillions of dollars to the country, and has ordered American companies to look for manufacturing alternatives.
While the Mac, iPhone, and iPad will escape the September 1 application of a 10% tariff, Apple's "Wearables, Home and Accessories" division will not.
Following a declaration that some of the threatened 10% tariffs on electronics would be postponed until December, Apple stock is on the rise.
China has not just asked state-owned business to stop buying American agriculture, but it has also devalued its own currency to counter President Donald Trump's 10% tariff threat on $325 billion in electronics — and it is having a profound impact on Apple's stock and that of its suppliers.
Apple will begin soon trial production of AirPods in Vietnam in an attempt to circumvent tariff fees imposed on Chinese-produced goods by Trump Administration.
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