Apple iPhone faces 15% U.S. import tax starting this Sunday

Next Sunday, December 15th, another tier of Chinese goods will face a 15% U.S. import tax including the Apple iPhone. First, we need to clear up something. The tariffs imposed by President Donald Trump are merely an import tax and despite what the president claims, China is not paying millions to the U.S. because of them. In fact, the total amount of money that China has handed over to the U.S. Treasury because of the tariffs is $0. That is because American companies and consumers pay the tariffs.

Let's use Apple as an example. The company designs its products in the ...

Monday, 9 December 2019 GSM ARENA GSMArena.com