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US-China trade war: Apple receives bad news on tariffs


Added 10-01-19 09:04:03am EST - “Apple must pay tariffs on five China-made components of the new Mac Pro.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “US-China trade war: Apple receives bad news on tariffs”. Below is an excerpt from the article.

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Former Reagan economic advisor Art Laffer discusses the current trade war between the US and China. Laffer says he is confident in the current state of the US economy.

Apple must pay tariffs on five Chinese-made parts for its new Mac Pro computer, the U.S. Trade Representative said Monday evening.

The tech giant had hoped to receive exemptions from the 25 percent tariffs on parts including a power adapter and charging cable.

The U.S. Trade Representative said Apple “failed to show that the imposition of additional duties on the particular product would cause severe economic harm to you or other U.S. interests.”

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