Apple Watch Now Excluded From U.S. Tariffs on Chinese Goods
According to Bloomberg, the U.S. Trade Representative on Friday approved a tariff waiver for Apple's wrist worn device.
A 15 percent tariff on a long list of products imported from China went into effect on September 1, though it was halved on February 15 after an initial trade deal was established.
Apple said that the Apple Watch should be exempted because it is "it is not strategically important or related to 'Made in China 2025' or other Chinese industrial programs." Apple also claimed that it was not able to find a source outside of China to meet demand for Apple Watch production in 2020.
Apple has also filed for waivers for AirPods, HomePod, iPhone components, and other products impacted by the tariffs.
Apple CEO Tim Cook in October said that he was hopeful the U.S. and China would resolve their trade issues. "I don't know every chapter of the book, but I think that will eventually happen," Cook said. "I certainly hope it happens during the quarter, but we'll see about that."
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