g5000
Diamond Member
- Nov 26, 2011
- 132,628
- 76,447
- 2,605
February 4, two months prior to the current tariff war:
Today:
The Trump administration announced late Friday night that smartphones, computers and other electronic components are exempt from what the White House calls “reciprocal” tariffs, days after the United States imposed the highest levies on foreign goods in a century.
[snip]
For makers of electronics, particularly Apple, the break on tariffs is likely to be a huge relief. Apple has faced the prospect of a new import tax of roughly $700 or more on each $1,000 iPhone imported from China, based on tariff rates the White House increased to at least 145 percent.
At least for now, Apple won’t have to decide whether to take a hit to its profits or possibly raise prices significantly for iPhone buyers.
TA-DAAAAA!
Bribery works.
Trump has made our country as corrupt as Russia.
China is a major producer of US electronics, and it's likely that cell phones, laptops, and other devices could become more expensive.
Oligarch Tim Apple, who used to be a Democrat supporter, gave Trump a million dollars for his inauguration. Precisely so Trump will exempt Apple products from his tariffs.
Today:
Phones, other electronics exempt from new tariffs, Trump administration says
The Trump administration announced late Friday night that smartphones, computers and other electronic components are exempt from what the White House calls “reciprocal” tariffs, days after the United States imposed the highest levies on foreign goods in a century.
[snip]
For makers of electronics, particularly Apple, the break on tariffs is likely to be a huge relief. Apple has faced the prospect of a new import tax of roughly $700 or more on each $1,000 iPhone imported from China, based on tariff rates the White House increased to at least 145 percent.
At least for now, Apple won’t have to decide whether to take a hit to its profits or possibly raise prices significantly for iPhone buyers.
TA-DAAAAA!
Bribery works.
Trump has made our country as corrupt as Russia.
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