Apple Gear Spared from Trump's Tariffs for Now
The Apple iPhone, Apple Watch, and AirPods are not among the list of products that will be subject to a new 10% tariff directed against imports from China. The tariff, levied by President Donald Trump, covers some $200 billion of goods shipped into the U.S. Apple had feared its products would be among those hit with the tariff, but it has been spared. FitBit said its products were spared from this round of tariffs, as well, but some Cisco, Dell, and Hewlett-Packard components necessary for cloud computing equipment do fall on the list of taxed products. The 10% tariff goes into effect September 24, and rises to 25% on January 1, 2019. Trump has threatened to expand the tariffs to an additional $267 billion worth of goods. In that case, Apple's products would no longer be exempt from the added fees, nor would the phones from Samsung, LG, and most other manufacturers. Tariffs are generally viewed as a tax on consumers, as they often result in higher prices on goods.
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