Apple will likely absorb the cost of any new tariffs imposed on Chinese imports, according to a new report from TF International Securities analyst Ming-Chi Kuo.Last week, President Trump announced plans to slap a 10% tariff on another $300 billion worth of Chinese goods after the country backed out of a trade deal prior to signing.
"Our representatives have just returned from China where they had constructive talks having to do with a future Trade Deal", tweeted Trump. "We thought we had a deal with China three months ago, but sadly, China decided to re-negotiate the deal prior to signing. More recently, China agreed to buy agricultural product from the U.S. in large quantities, but did not do so. Additionally, my friend President Xi said that he would stop the sale of Fentanyl to the United States – this never happened, and many Americans continue to die! Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country. This does not include the 250 Billion Dollars already Tariffed at 25%"
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