The US and Chinese governments have reached a preliminary trade agreement, allowing the introduction of new
What does it mean
From December 15, new ones were supposed to be introducedAmerican tariffs on $160 billion worth of Chinese goods. As a result, Chinese companies that import equipment to America would have to fork out money.
This also applies to American companies that assemble their gadgets in China, because production is cheaper in the Middle Kingdom.
And here Apple
The new duties would also affect Apple, whichtimes assembles equipment in China. The company already pays tariffs on the import of small devices, but the new tariffs would affect iPhone smartphones, iPad tablets, a line of MacBook laptops, as well as other products.
According to analysts, in this case the companythey would have to either raise prices or incur losses. In the first case, smartphones could become more expensive by $150, which would lead to a drop in demand in 2020 by 6-8%. Otherwise, earnings per share would have declined by about 4%.
Apple CEO Tim Cook has repeatedly askedAmerican President Donald Trump either does not introduce duties or makes an exception for the company. They even thought about moving production to other countries.
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