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

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

Top Rated Comments

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12 months 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.
Score: 32 Votes (Like | Disagree)
Avatar
12 months 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.
Score: 23 Votes (Like | Disagree)
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12 months 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.
Score: 17 Votes (Like | Disagree)
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12 months ago
Meanwhile Trump is surprised China isn't bowing to his whim



Score: 15 Votes (Like | Disagree)
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12 months ago
But I thought Trump said tariffs were good and tariff wars were easy to win?
Score: 15 Votes (Like | Disagree)
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12 months 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.
Score: 15 Votes (Like | Disagree)

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