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Apple's Stock Surges After U.S. Delays Additional 10% Import Tariff on Products Like Cell Phones and Laptops

Tuesday August 13, 2019 7:10 am PDT by Joe Rossignol
Apple's stock has surged around five percent after the United States Trade Representative announced that an additional tariff of 10 percent on approximately $300 billion of Chinese imports will be delayed to December 15 for products such as cell phones, laptop computers, and monitors, per CNBC.


Moreover, the USTR said certain products are being removed from the tariff list based on "health, safety, national security and other factors" and will not be subject to the additional tariff of 10 percent whatsoever. It is unclear if this decision applies to any Apple products or accessories.


The USTR said it will provide additional details and lists of the tariff lines affected by this announcement on its website today.

The new tariff kicks in September 1 for the remaining Chinese imports impacted.

Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

Tags: China, AAPL
[ 101 comments ]

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DVD9
10 weeks ago

Apple got its exemption that it wanted.


MAGA is a total fraud.

The factories have continued to close here since Trump was sworn in and move mostly to Mexico.

Trump lies on Twitter and the fanatics believe him.
Rating: 32 Votes
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sw1tcher
10 weeks ago
Trump Admin backpedaling after they realized their new tariffs were going to hurt the consumer and U.S. economy, particularly with people going back-to-school and the upcoming holidays. And Apple's new iPhone launch next month.

Unfortunately, you cannot bully China into agreeing to a trade deal.
Rating: 23 Votes
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lunarworks
10 weeks ago

Meanwhile Trump is surprised China isn't bowing to his whim

This is what you get when you elect a bully whose idea of "negotiation" is not paying contractors a cent for their work because of a petty minor detail. His tactics work with small fish he can sue into oblivion, not world powers.
Rating: 17 Votes
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samcraig
10 weeks ago
Meanwhile Trump is surprised China isn't bowing to his whim



Rating: 15 Votes
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Rogifan
10 weeks ago
But I thought Trump said tariffs were good and tariff wars were easy to win?
Rating: 15 Votes
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Mr_Brightside_@
10 weeks ago

Yawn. If you want to troll, you gotta be a little more subtle and creative about it. This is a bit over the top.

Oh my sweet summer child.
Rating: 15 Votes
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siddavis
10 weeks ago
It's hilarious to watch people badmouth tariffs and taxes that will "hurt the consumer" when they are implemented by someone they don't like or another political affiliation. Then they'll proceed to vote for more big government policies and programs and say the "rich" and corporations must pay the taxes or their "fair share" to fund them. No concern there about how those taxes get passed to the consumer and "hurt" them.

Zero principles
Rating: 10 Votes
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chipchen
10 weeks ago

It's hilarious to watch people badmouth tariffs and taxes that will "hurt the consumer" when they are implemented by someone they don't like or another political affiliation. Then they'll proceed to vote for more big government policies and programs and say the "rich" and corporations must pay the taxes or their "fair share" to fund them. No concern there about how those taxes get passed to the consumer and "hurt" them.

Zero principles


It's hilarious to watch people promote tariffs and corporate tax cuts that will "make America great again" when they are implemented by someone they adore and ignore the misrepresented facts of what really happen when tariffs are put into place. Then they'll proceed to vote for less government regulations because it "hurts businesses" and causes "undue burdens" because they believe that corporations will just shutdown if they can't squeeze literally every penny off a dying child cancer patient's family in the US (because drug prices are regulated internationally). No concern there about how these actions only can help the rich get richer and make most of America poorer and worse in the long term.

Zero common sense.


Look, if you're going to go to extremes and not understand how things work, then that's up to you. But notice your technique in arguing is just like this administration's... you think bashing someone you disagree with is a valid argument that helps to prove your case. But it isn't.

Both extremes are horrible, and because we've been locked in a two-party system that favors the ultra-rich (on BOTH sides!) and not middle America, a system that gives extremely high platforms to lobbyists because corporations have the most money to pay for their voices to be heard, a system where ensuring safety of children is an "undue burden", a system that allowed for an opioid epidemic because greed can be overlooked and then pretend to be upset over... and mainly, a system where literally the one and main concern for every elected official from day one is how to stay in their position of power or move up.

Educate yourself to see that no one is always right, and more importantly, just because you disagree with someone's politics doesn't mean they're wrong either.
Rating: 10 Votes
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sw1tcher
10 weeks ago

It's hilarious to watch people badmouth tariffs and taxes that will "hurt the consumer" when they are implemented by someone they don't like or another political affiliation.


Tariffs are not an effective means to deal with trade issues no matter who implements them or what their political affiliation is.
Rating: 9 Votes
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gigapocket1
10 weeks ago
Apple got its exemption that it wanted.
Rating: 7 Votes

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