Trump’s tweets mean that you’ll soon pay more for a new Apple iPhone in the states


Bad news for Apple and those who buy the iPhone in the U.S. appeared in a series of tweets sent this afternoon by President Donald Trump. In the tweets, Trump said that starting on September 1st, a 10% tariff will be imposed on another $300 billion of Chinese imports including the iPhone. The tariffs are a tax paid by U.S. corporations on products imported from China. Apple, like other American firms impacted by the tariffs, can decide to eat the entire cost of the tax or pass it on to U.S. consumers in the form of higher prices.
This is also bad news for Huawei. Back …

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