Apple catches trade-war break as Trump's tariffs delayed [FOX Business Network]
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Source: FOX Business Network
Apple catches trade-war break as Trump's tariffs delayed video What the China tariffs mean for Apple MarketWatch tech editor Jeremy Owens on the impact of the China trade war on U.S. tech. It looks like Continue Reading Below The U.S. Trade Representative on Tuesday announced the 10 percent tariff Ticker Security Last Change %Chg AAPL APPLE INC. 208.95 +8.47 +4.22% The announcement is good news for Apple, which in June warned sought a tariff exemption MORE ON FOXBUSINESS.COM The tariffs going into effect on Sept 1. would’ve had big implications for Apple, according to Wedbush Managing Director Dan Ives. Advertisement “With ~40% of iPhones sold globally coming out of the US heading into an important trifecta smartphone launch, at this point we DO NOT believe Apple will pass these tariff costs to US consumers on the new smartphones hitting the market this September," he said, adding that the iPhone maker would've taken a 50 cent to 55 cent a share hit for its full-year 2020 earnings a
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