Apple products could get costlier under new US tariffs on chinese goods
A new entry into the United States governments’ Federal Register late last week, announced the levy of 15% tariffs on Chinese goods entering their country. This is yet another development in the ongoing trade war between the two countries, which has already seen tech companies like Huawei suffer due to the restrictions.
Apple, which assembles a huge number of its products in China will suffer from the effect of the tariffs. It does in partnership with the company FoxConn, in China. While the company does have some products assembled in India, it may not be able to completely deflect the effect of the tariffs for consumers.