Apple spikes after Trump administration delays China tariffs on electronics until December [CNBC]
Apple Inc. (AAPL)
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Source: CNBC
Apple spikes after Trump administration delays China tariffs on electronics until December Shares of Apple delay tariffs The United States Trade Representative (USTR) said "certain products are being removed from the tariff list based on health, safety, national security and other factors and will not face additional tariffs of 10 percent." It added that the remaining tariffs on "cell phones, laptop computers, video game consoles, certain toys, computer monitors and certain items of footwear and clothing," will be delayed until Dec. 15. The duties had been set to go into effect on Sept. 1, so the announcement eased concerns about the Christmas shopping season. Apple is expected to release its new version of the iPhone in September, shortly after the tariffs were to go into effect. The company has not said whether or not it would increase the price of the iPhone or absorb the costs. If Apple shares end the day up more than 4.91%, it would be the best day for the stock since May 1. Sha
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