Trump still introduces new duties on goods from China. Apple will suffer

It seems that the handshakes and statements about friendship between the United States and China were only a lull before the storm. The president

States Donald Trump still decided to introduce additional duties on Chinese imports.

What did you decide

Trump promises to introduce new ones from September 110 percent duty on goods from China worth $ 300 billion. Simply put, the new tariffs will affect all imports, not affected by the previous 25% duties, which applied to a product worth $ 250 billion.

And all due to the fact that "China oppresses the economyUSA". Trump is unhappy that China has not fulfilled its promise to buy more American agricultural products and is still supplying America with fentanyl painkillers, from which "many Americans continue to die."

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Now it only remains to wait for a reciprocal step from China.

And here Apple

New duties will hurt the revenue of Apple, which manufactures its products in China. That is, despite the fact that this is an American company, gadgets assembled in China will be considered as import.

Analysts at the investment bank Bank of America Merrill Lynch believe that as a result, Apple smartphones will rise in price by 10%, and demand will then drop by 20%.

“According to simple calculations, the impact (of new tariffs) will be about $ 0.50–0.75 (in terms of share) on earnings, including about $ 0.30–0.50 losses due to the iPhone,” said bank analysts.

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