Apple asks U.S. for exemption from tariffs on Apple Watch, AirPods and more

Prior to September 1st, Apple was barely exposed to the Trump administration's import tax on products imported into the U.S. from China. Certain cases for the iPhone and iPad were subject to the tax because, like most Apple products, they were designed in the U.S. but assembled in China. The U.S. has traditionally run a large trade deficit with China because U.S. consumers have more disposable income than their Chinese counterparts, and can afford to buy a larger amount of goods from China than their consumers buy from the states. But U.S. President Donald Trump equates such a deficit with ...

Friday 1 November 2019 GSM ARENA GSMArena.com