Over the past few weeks, Apple’s stock price has been particularly volatile in light of a proposed tariff from the Trump administration that would tax devices imported from China by as much as 25%. And seeing as how the vast majority of Apple devices and accessories are manufactured in China, there’s a legitimate concern among investors that the proposed tariffs would either raise the price of Apple products for consumers or force Apple to eat the additional cost.
Consequently, Apple earlier this week sent a letter to US Trade Representative Robert Lighthizer which articulates how the proposed tariff would have an adverse impact on Apple’s contribution to the United States economy.
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Apple warns that Trump’s proposed tariff would impact its contribution to the U.S. economy originally appeared on BGR.com on Thu, 20 Jun 2019 at 17:39:31 EDT. Please see our terms for use of feeds.
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