President Donald Trump issued his own clarification Sunday, stating that no such exemptions to tariffs had been made Friday.
Read More Apple's China tariffs: More on the way, says White House
9 months ago"While a new, lower so-called sectoral tariff may still come on goods that have semiconductors — and a 20% tariff on China remains — the change marks a win for Apple."
9 months ago"In 2022, Bloomberg Intelligence estimated it would take eight years to move just 10% of Apple’s production capacity out of China."
9 months ago"Too bad if you make shoes, or clothing, or thousands of other consumer products that must pay the tariffs but lack the political or market clout to win exemptions."
Excerpts from the notes I've seen. More as they come in.
Read More Tariff reprieve: What the Apple analysts are saying
"Tim Cook, Apple’s chief executive, has been at the forefront of the industry’s courtship of Mr. Trump."
Read More What role did Apple play in negotiating a tech tariff reprieve?
13 Comments