U.S. President Donald Trump made good on a trade war deadline on Friday, increasing tariffs on some Chinese imports. While Apple products have so far evaded impact, that may be short-lived.
Goods already under a 10 percent tariff are now subject to 25 percent, according to BBC News. Trump indicated that work is in motion, however, to slap a 25 percent tariff on another $325 billion in Chinese goods, which could harm Apple profits given that most its products are assembled in China by firms like Foxconn and Pegatron.
Talks between the two countries took a turn for the worse recently after the U.S. accused China of backtracking on key points. China has promised to enact “necessary countermeasures” to retaliate for U.S. tariffs, though it is continuing to negotiate.
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