Apple gets some very good news from the White House and its stock jumps. Apple will be exempt from President Donald Trump’s 125% tariffs on goods produced in China. This includes products such as iPhones, iPads, Macs, Apple Watches, and AirTags. Bloomberg’s Mark Gurman says this would have been destructive for Apple and it would have had to raise prices by hundreds of dollars. He’s on "Bloomberg Open Interest."
125% tariffs on goods produced in China, including iPhones, iPads, Macs, Apple Watches, and AirTags, and a 10% tariff on goods imported from other countries has been dropped for those products.
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