IT House August 14th US Trade Representative Office announced today that China's mobile phones, notebook computers and monitors, game consoles and some clothing and other products will be temporarily excluded from September 1 to about 300 billion US dollars of imported products The extra tariffs are imposed outside the levy schedule and are postponed until December 15. As soon as this news was announced, Apple's share price soared by about 5%.
But starting September 1, the Trump administration's new tariff policy will still affect smart watches, fitness trackers, smart speakers and Bluetooth headsets, including Apple's HomePod, AirPods and Apple Watch, which will be available for these products. A 10% import tax is imposed.
Although the iPhone and MacBook Pro will remain unchanged until December, the tariff increase will still have a major impact on Apple. Apple CEO Tim Cook said in the company's last earnings conference call that after the merger, the company's services, wearables, home and accessories divisions are close to the size of Fortune 50 companies.
According to reports, Apple is exploring the transfer of manufacturing from China as a response. Apple's charger has already experienced a 10% increase in import taxes, but its retail price has not changed, and Apple and its suppliers have internally absorbed the rising costs.