Apple and other companies could be exempted from Trump's tariffs
Trump"s newly announced tariffs are about to hit many US companies really hard, and Apple is potentially one of the most affected. The bulk of its products are produced in China, and Trump hit the country with 125% on all goods before temporarily lowering the tariffs to 10% for the next 90 days.
During the so called Liberation Day, however, a journalist asked Trump if he plans to offer exemptions, and a vague response followed, suggesting there will be exemptions for companies that are "hit harder". And let"s be honest, who is going to be affected the most if not Apple?
WSJ did the math and found that the iPhone 16 Pro production cost, for example, will go up by $300.
Unfortunately, this is all speculation for now. We"ve seen for the last couple of months that Trump changes his mind quite often. He even admitted that decisions on exemptions will be based on "instinct".
Apparently, Apple isn"t taking any chances. The Cupertino-based company began stockpiling inventory to soften the tariff impact and is even considering expanding its manufacturing facility in Brazil as the country is facing much lower tariffs.
