Apple investors over the past few weeks have been particularly wary of looming tariff increases on a range of products imported from China. With some devices potentially subject to a tax as high as 25%, it’s widely expected that Apple, when push comes to shove, will eat the tax as opposed to passing along the additional cost to consumers. Either way, Apple’s bottom line is poised to take a hit.
In the meantime, Apple has been lobbying hard to convince the Trump administration that tariffs might lead to a range of unintended consequences. During a June letter Apple sent to US Trade Representative Robert Lighthizer, for example, the company argued that the tariffs would bolster competitors not based in the US.
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At a private dinner, Tim Cook told Trump that his tariffs are hurting Apple and helping Samsung originally appeared on BGR.com on Mon, 19 Aug 2019 at 08:17:59 EDT. Please see our terms for use of feeds.
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