Trump Announces A New 10% Rate That Could Affect The iPhone And Apple Shares Resent

Trump Announces A New 10% Rate That Could Affect The iPhone And Apple Shares Resent

The commercial war and the pulse that Trump is maintaining with China could affect Apple and many other American companies in a serious way. This is something that has already begun to be noticed on some Apple devices and that could be sold to more important ones very soon.

The United States has already imposed a 25% rate on certain devices and you come from which Apple has managed to partially escape, however, President Trump has announced a new 10% tariff that will begin on September 1 and will affect the 300 one billion dollars of goods imported into the country.

Among these goods would be Apple devices such as the iPhone, iPad or Mac and other popular consumer items such as toys or sneakers.

Trump Announces A New 10% Rate That Could Affect The iPhone And Apple Shares Resent

Apple shares fall 2% after the news

Apple already warned of what this new rate could mean, in June, the company sent a letter to the US commercial representative claiming that the proposed tariffs would affect “all Apple’s main products and would result in a reduction of the economic contribution Apple in the United States. ”

When this new rate began to be applied on September 1, both the iPhone 11 and the new iPad and MacBook Pro that Apple is preparing would be directly affected. This is something that is already affecting Apple on the stock market with a drop of more than 2% and, although we really still don’t know how it will affect exactly, there are several possibilities:

  • That Apple adds this rate without increasing the price, something unlikely.
  • Let it be the manufacturers in China who assume it or change the country factories, some like Foxconn claim to be able to manufacture the US iPhone outside of China.
  • That it is the consumers who end up paying more.

Trump Announces A New 10% Rate That Could Affect The iPhone And Apple Shares Resent

President Donald Trump believes that if you impose these fees on products made in China, companies will start manufacturing in the United States and that will improve the economy and labor of the country. However we know that this is not entirely possible, we already saw how a single screw had paralyzed all the production Macs doubt in the United States. In China, you can find suppliers of anything, something that is not easy in other countries.

We will see when September 1 arrives and the new devices if the price is increased or not, we do not know if it is something that could affect Apple devices sold outside the United States. Although it should not, we may end up paying that new fee among all.

Posted by Susan Daigle

Susan Daigle is a passionate writer and she usually writes the technology content in a pattern ways through which users can easily be attracted and she has written many technological reviews of the products. Twitter @susandaigle23

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