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Tim Cook has already shared his views on tariffs, saying that they "end up showing themselves as an additional tax on consumers." Until now, it seemed that the original Apple watch would be included. However, the latest tariff proposal in the US-China trade war could affect more Apple products than expected.
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In April, it appeared that most consumer technology products would be exempt from US tariffs on Chinese products. While Tim Cook said when the company released the company's third quarter results, "we hope the minds will calm their heads." Interestingly, it seemed that the first Apple Watch was going to receive a 10% rate.
However, as indicated by BloombergWith the latest tariff proposal, more Apple products would be included. These range from accessories like Apple Pencil and AirPods to Apple Watch, and even the Mac mini. Trump's latest proposals provided for a 25% tariff on about $ 200 billion of Chinese imports.
White House spokesman Lindsay Walters gave CNBC a comment on the proposed rates.
"The USTR conducts a thorough review of public submissions. However, potential scenarios like this only reinforce the importance of ensuring that China abides by the rules and remedies its unfair practices, which will benefit the US and global economies, "he said. Walters said.
Regarding Apple's position, Tim Cook has already said that he thinks that changes are necessary to trade agreements, but that tariffs are not the right solution.
Relationships and trade agreements between the United States and other major US economies are very complex and it is clear that many need to be modernized, but we believe that in the vast majority of cases, fares are not the norm. solution. .
Apple commented in the open public review that it thought the proposed rates would hurt the United States, detail the products that would be affected, and more.
Here is the first page of the letter "Dear Robert Lighthizer" from Apple pic.twitter.com/HetoDeDw67
– Steve Goldstein (@MKTWgoldstein) September 7, 2018
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