Trump suggests US could slap 10% tariffs on iPhones and laptops imported from China

  • President Donald Trump suggested he could place a 10 percent tariff on iPhones and laptops imported from China, in an interview with the Wall Street Journal published Monday.
  • He also said it’s “highly unlikely” that he would delay an increase in tariffs from 10 percent to 25 percent on Jan. 1, just four days before a summit with Chinese President Xi.
  • Apple stock was down nearly 2 percent in after-hours trading.

President Donald Trump suggested he could place a 10 percent tariff on iPhones and laptops imported from China, in an interview with the Wall Street Journal published Monday. He also said it’s “highly unlikely” that he would delay an increase in tariffs from 10 percent to 25 percent on Jan. 1, just four days before a summit with Chinese President Xi Jinping.

“Maybe. Maybe. Depends on what the rate is,” the president said to The Wall Street Journal about the possible iPhone and laptop tariffs. “I mean, I can make it 10 percent, and people could stand that very easily.”

Apple shares fall on Trump’s China tariff threat from CNBC.

www.cnbc.com/2018/11/26/trump-says-us-could-slap-10percent-tariffs-on-iphones-laptops-from-china.html

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