Last updated on September 2, 2019
Some Apple products such as AirPods, Apple Watch, HomePods and iMac computers were more anticipated to have more expensive since the new 15 per cent US tariffs on Chinese goods came into effect from Sunday.
Apple has its goods built by Foxconn in China.
Apple iPhones are also approximately $100 more expensive from the US after another pair of 15% comes into position from December 15.
“TVs, speakers, digital cameras, lithium-ion batteries and flash drives are only a couple of consumer electronic equipment which is going to be exposed to a 15 per cent tariff beginning Sunday,” accounts TechCrunch.
Apple CEO Tim Cook recently told US President Donald Trump who tariffs on China can allow South Korean technology giant Samsung profit more as it doesn’t have to cover any tariffs.
“I have a great deal of admiration for Tim Cook, and Tim was speaking to me about tariffs. And among those matters, and he made a strange situation, is that Samsung is the number-one rival, and Samsung isn’t paying tariffs since they are located in South Korea,” Trump recently told the press.
The continuing trade war between the united states and China has generated Apple’s iPhone production prices to grow up to 3 per cent due to the new retaliatory tariffs levied by Beijing.
Trump earlier fulfilled Cook through a dinner, stating that Apple will be spending”huge quantities of money in america.”
“It is hard for Apple to cover tariffs if they are competing with an excellent company that is not. I said, Just how great a rival?’ He explained they’re a perfect competitor. So Samsung isn’t paying tariffs since they are located at another place,” said Trump.
Samsung has all its production base in South Korea and Vietnam. Apple iPhone XS Max begins at $1,099, and brand new 10% tariff will indicate that a roughly $110 increase.
In May, Fortune quoted a Wedbush analyst Dan Ives as telling investors who tariff on the unit Chinese-made batteries and other parts would raise Apple’s production cost by 2-3 %.