Estimating the cost to Apple of paying President Trump's import tariffs, Bank of America believes that a 9% price hike for the iPhone and all other devices, would prevent losses. Apple CEO Tim Cook [left] with Donald Trump [right] at a Mac Pro factory It's a fiction that other countries will pay tariffs, as instead all such costs will always be borne by US companies. In the case of Apple, it has previously earned an exemption -- though not consistently -- and it has tried to reduce the impact of...
Estimating the cost to Apple of paying President Trump's import tariffs, Bank of America believes that a 9% price hike for the iPhone and all other devices, would prevent losses. Apple CEO Tim Cook [left] with Donald Trump [right] at a Mac Pro factory It's a fiction that other countries will pay tariffs, as instead all such costs will always be borne by US companies. In the case of Apple, it has previously earned an exemption -- though not consistently -- and it has tried to reduce the impact of...
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