Apple dodged stinging duties on its smartwatches and wireless earbuds after the U.S. excluded those gadgets from tariffs on $200 billion in Chinese goods.
Apple has escaped Trump’s tariffs but not China’s. China will retaliate.
There are American components that are shipped to China for assembly that could be tariffed by China. And most of the components are made in Asia.
Coincidence? Trump waited until 5 days after Apple’s product announcement event before revealing the tariffs. ¯\_(ツ)_/¯ Avoiding #BadPR 👎 #AAPL stock
Because Apple assembles almost all of its gadgets in China, its watches, AirPods and other devices are vulnerable to the Trump administration’s plans to widen the scope of tariffs on Chinese imports—a risk Apple warned about earlier this month.
That reliance also could make the iPhone and other devices vulnerable if Chinese officials follow through on retaliatory moves to restrict sales of materials, equipment and parts key to U.S. manufacturers—measures The Wall Street Journal on Sunday reported that Beijing is considering.
The timing of the countries’ new measures could be especially bad for Apple, which this week starts shipping two of its three new iPhones and a new smartwatch. Those new devices are expected to help fuel the company’s sales in the final three months of the year, when Christmas shopping helps deliver about one-third of Apple’s annual revenue.
Never forget: Wilbur Ross and #RepublicansCOMPLICIT for #TrumpTariffs
Pay up Consumers. Merry Xmas!
