Loading Posts...

China – Additional $200 Billion in Trump Tariffs – Apple Products and Higher Costs

China - Additional $200 Billion in Trump Tariffs - Apple Products and Higher Costs

As President Trump threatens to add $200 billion in tariffs on Chinese goods, Apple is now saying that these tariffs will affect Apple Watch and AirPods as well as adapters and chargers for a host of products. However, it is important to note that Apple CEO Tim Cook had previously brushed off tariff concerns. This news triggered selling in Apple stock, causing it to fall 1 percent just before the Friday close. The tech giant said in a letter to the US trade representative that the tariffs aimed at China would cover a wide range of Apple products. However, the impressive and wide margins as well as cash flow would absorb higher costs – but in the end, the consumer just might be forced to pay more for products as a result. This is coming from the company.

Last quarter, Apple earned $11.5 billion on sales of $53.3 billion, with the firm reporting more than $243 billion in cash and equivalents. This highly visible tech firm recently saw its market cap surpass $1 trillion dollars. And note that the company posted revenues exceeding $200 billion this year, beating Wall Street estimates in 21 of the past 22 quarters. Still, Apple did not offer an estimate on how much new tariffs would increase costs.

China produces tech products at all levels of the food chain now. So any tariff that is attached will clearly impact at least some parts of “US built tech” and as a result, pass on costs to the consumer. AirPods, Apple Pencil, as well as HomePod and Mac Mini will all be impacted by new Trump tariffs according to the firm.

Team Classiarius

 

JMB

The author didnt add any Information to his profile yet

Classarius is the only data driven news for blockchain, cryptocurrencies and technology from investment professionals.
Disclaimer: We do not provide investment advice or strategies, this article is not intended as such but only to provide you the reader with information. Please conduct your own research before any investment of any kind.

Classiarius Guest Posts
Classiarius allows guests to write articles on blockchain, finance, and analysis on technology, political risks and crpytocurrencies. You may include links to your previous content in your articles. Write Guest posts
Loading Posts...

Do you want the latest, most up-to-date information on Trends?

then Subscribe to our Newsletter below
Subscribe
Get the latest info on Blockchain& Trends

Do you want the latest, most up-to-date information on Trends?

then Subscribe to our Newsletter below
Subscribe
close-link
Get the latest info on Blockchain& Trends