Apple to Dodge $150-Per-IPhone Levy If Trump Delays Tariffs
- 15% import duty on iPhones, iPads, MacBooks is due on Sunday
- U.S. and China seen pushing deadline as trade talks continue
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Apple Inc.’s most-important product, and the supply chain that underpins its success, may be about to avert a margin-crushing threat. At least for a while.
A 20-month trade war between the U.S. and China came to a head this week as a key deadline looms. This Sunday, 15% tariffs are due to kick in on the iPhone. Chinese officials expect U.S. President Donald Trump to delay the import duties, granting Apple a temporary reprieve. But negotiations have been fraught with missed deadlines and surprise about-faces.