Upcoming 2019 Apple iPhones escape tariffs until mid-December

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Back on August 1st, U.S. President Donald Trump disseminated a tweet announcing that another $300 billion of Chinese imports would be taxed at 10% starting on September 1st. This tier of products includes smartphones like the Apple iPhone, and other consumer electronics goods shipped to the states from China. Since the iPhone is designed in the U.S. but assembled in China, it is considered an import from that country and is subject to the tariffs. Since the latter is a tax that U.S. companies pay, Apple could decide to eat the entire cost of the tax, pass it on to consumers in the form of …

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