Escalation of U.S.-China trade war could be a double whammy on the Apple iPhone


The biggest question on Wall Street today revolved around Apple. Will the company eat the additional 10% tariff charged on assembled iPhone units imported from China, or would it pass the costs on to consumers? The 10% tariffs on another $300 billion worth of Chinese goods goes into effect on September 1st. Earlier today, we told you that TF International star analyst Ming-Chi Kuo said …

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