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REFILE-GRAPHIC-Designed in California, made in China: how the iPhone skews U.S. trade deficit [Reuters (UK)]
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Designed in California, made in China: how the iPhone skews U.S. trade deficit | Reuters Reuters Staff 6 Min Read (This version of the March 21 story has been refiled to add dropped words “technology and” in paragraph 10) By Adam Jourdan SHANGHAI (Reuters) - U.S. President Donald Trump often tweets from his iPhone about pressuring China to address its $375 billion trade surplus with the United States. But a closer look at the Apple smartphone reveals how the headline figure is distorted. The big trade imbalance - at the heart of a potential trade war, with Trump expected to impose tariffs on Chinese imports this week - exists in large part because of electrical goods and tech, the biggest U.S. import item from China. Apple Inc’s iPhone, however, illustrates how a big portion of that imbalance is due to imports of American-branded products - many of which use global suppliers for parts but are put together in China and shipped around the world. Take a look at the iPhone X. IHS Markit e
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