Apple has narrowly avoided a 15% tariff on the iPhone after Trump's trade deal with China
AP Photo/ Evan Vucci
- Apple has narrowly dodged a 15% tariff on its flagship products including the iPhone, iPad and MacBooks, after US President Donald Trump rubber-stamped a trade deal with China.
- The trade deal Trump signed that averted tariffs that were set to go into effect on December 15.
- According to prominent Apple analyst Daniel Ives, the duties had threatened to increase the iPhone handset's average selling price by between $120 and $150.
- Much of the tech giant's supply chain is based in China.
- Trump, who meets regularly with Apple CEO Tim Cook, said last month he was "looking into" exempting Apple from tariffs.
- Visit Business Insider's homepage for more stories.
Apple has escaped a 15% tariff on its flagship products including the iPhone, iPad and MacBook range after US President Donald Trump rubber-stamped a deal to postpone tariffs with China on Thursday.
Trump's approval of the deal meant that tariffs set to go into effect on Sunday – which would likely have raised the sale prices of Apple products – will no longer be applied.See the rest of the story at Business Insider
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