US-China 'tariff war' tough on importers as supply chain costs rocket
Attempts by businesses to reduce their dependence on Chinese imports are becoming more difficult as ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
Apple is having a hard time. The company, which has seen iPhone sales slow, could now also face 10% tariffs on its finished products made in China. The Trump administration said yesterday it was considering a 10% tariff on iPhones and laptops, while it also looks increasingly likely that tariffs on $200bn-worth of goods will rise to 25% from 10% in January. Trump appears to think an additional 10% on iPhones will not deter demand: “I mean, I can make it 10% and people could stand that very easily.”
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