Trump hesitates over instituting China tariffs that would hurt Apple
Trump's day-one tariffs on China haven't been implemented yet, but he's still maintaining the fiction that it isn't American consumers who will pay the price.Tim Cook (right) and TrumpThere is no gray area here: tariffs are not a tax on other countries, they result solely in higher prices for Americans. Nonetheless, as he did during his first term, President Trump is again imposing tariffs, just not yet on China.During the campaign, he committed to introduce tariffs on his first day in office, and specifically that he would levy a 60% tariff on imports from China, plus a further 10% duty on Chinese goods. None of that happened, and instead newly announced tariffs will instead start from February 1, 2025, for Mexico and Canada. Continue Reading on AppleInsider | Discuss on our Forums
Trump's day-one tariffs on China haven't been implemented yet, but he's still maintaining the fiction that it isn't American consumers who will pay the price.
Tim Cook (right) and Trump
There is no gray area here: tariffs are not a tax on other countries, they result solely in higher prices for Americans. Nonetheless, as he did during his first term, President Trump is again imposing tariffs, just not yet on China.
During the campaign, he committed to introduce tariffs on his first day in office, and specifically that he would levy a 60% tariff on imports from China, plus a further 10% duty on Chinese goods. None of that happened, and instead newly announced tariffs will instead start from February 1, 2025, for Mexico and Canada.
Continue Reading on AppleInsider | Discuss on our Forums
Tim Cook (right) and Trump
There is no gray area here: tariffs are not a tax on other countries, they result solely in higher prices for Americans. Nonetheless, as he did during his first term, President Trump is again imposing tariffs, just not yet on China.
During the campaign, he committed to introduce tariffs on his first day in office, and specifically that he would levy a 60% tariff on imports from China, plus a further 10% duty on Chinese goods. None of that happened, and instead newly announced tariffs will instead start from February 1, 2025, for Mexico and Canada.
Continue Reading on AppleInsider | Discuss on our Forums
What's Your Reaction?
