The Apple Watch, AirPods, and some other Apple products will be exempted from a proposed $200 billion tariff on Chinese goods, reports Bloomberg.
An updated list of products affected by the tariffs is expected to be released today, and it will not include a product category that covers Apple Watch, AirPods, and other smart watches and fitness trackers. Five separate sources have confirmed to Bloomberg that the Trump administration will exempt many of Apple’s products.
The product code covers wireless devices, and it was included on a preliminary list the administration released in July. Other Apple products under the code include the HomePod speaker, BeatsWL headphones, and AirPort and Time Capsule internet routers. The value of such imports from China is about $12 billion, according to one of the people.
A preliminary tariff list released earlier this year did include wireless devices like the AirPods and the Apple Watch, and Apple in early September said that several of its products would be affected.
Apple sent a letter to the Trump administration urging it not to apply the tariffs that would affect Apple products, asking the government to instead find “other, more effective” solutions. Apple said implementing the tariffs would lead to lower U.S. growth and competitiveness, along with higher prices for U.S. consumers.
Back in July, Apple CEO Tim Cook commented on the tariffs, saying that Apple was “optimistic” the issue would be sorted out, with the company hoping “calm heads prevail.”
This fourth round of tariffs will cover $200 billion in Chinese goods and it joins several other tariffs that have already been put in place on products like steel, aluminum, and billions of dollars worth of goods.
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Source From: macrumors.com.
Original article title: Apple Watch, AirPods, and Other Apple Goods to Be Exempt From China Tariffs.
This full article can be read at: Apple Watch, AirPods, and Other Apple Goods to Be Exempt From China Tariffs.