Trump says he might exempt Apple from having to pay tariffs

In an attempt to reduce the U.S. trade deficit with China, President Trump initiated a trade war with the country using tariffs as his favored weapon. There is a problem with that. You see, tariffs are nothing more than an import tax that U.S. corporations and consumers pay. And while the president has tried to spin this with tweets incorrectly stating that the tariffs are forcing the Chinese to pay the U.S. Treasury millions of dollars, that is far from the truth. Companies that have their products built in China and shipped to the states, like Apple, are affected.

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Wednesday, 20 November 2019 GSM ARENA GSMArena.com