The US-China trade agreement was signed, Apple was relieved to avoid $ 150 tax on iPhone

Tram Ho

Just a few hours ago, US President Donald Trump said he had signed a first-stage trade deal with China, including terms related to stopping the imposition of new tariffs that will target $ 150 billion of goods. Import from China since December.

Apple is undoubtedly one of the happiest when the deal is signed. According to Wedbush Securities analyst Dan Ives, this will help Apple avoid the $ 150 tax on each iPhone imported into the US, especially during an important holiday shopping holiday.

Thỏa thuận thương mại Mỹ-Trung được ký kết, Apple thở phào vì tránh được 150 USD tiền thuế áp lên iPhone - Ảnh 1.

" Mr. Trump brought early Christmas gifts to Apple ." Ives sent notes to investors after the news of this trade deal was announced. " If the new tariffs are passed, it will be a blow to designers and importers like Apple and could create a huge turning point in the supply chain and holiday demand ."

If the tariff were to apply and Apple had to accept it to keep product prices stable, it is expected that earnings per share of Apple will decrease by about 4% next year. If the company chooses to raise the price of the iPhone, according to Ives' estimation, its product demand will decrease from 6% to 8% by 2020.

Previously, Apple paid tariffs on Apple Watch, AirPods and iMac computers and HomePod smart speakers. However, these taxes may be refunded. The new trade agreement signed with China also includes China's promise to buy more US agricultural products. In addition, according to sources from Bloomberg, officials also discussed the possibility of reducing the current tax rates imposed on Chinese goods.

Although the impending tariffs on December 15 are being revoked, the trade war is still an essential weakness of Apple's business. The world's largest technology company is largely dependent on suppliers and manufacturing partners in China.

Thỏa thuận thương mại Mỹ-Trung được ký kết, Apple thở phào vì tránh được 150 USD tiền thuế áp lên iPhone - Ảnh 2.

Meanwhile, they cannot quickly shift production to other countries, so they are using a lobbying team at the White House, headed by CEO Tim Cook, to protect the products before new tariffs.

This year, Mr. Cook met with President Trump, and even received criticism for not correcting Trump's words when he called a Mac Pro assembly plant in Texas an Apple factory.

Cook's lobbying efforts have shown fruit when Trump said it was unfair for iPhones to be subject to Chinese-made taxes and rival phones. Samsung Electronics does not have to pay these tariffs.

" Mr. Cook has become an important factor in the ongoing negotiations with China ." Mr. Ives said. " More than any other company, (Apple) will suffer the most if the tariff war is not temporarily stopped ."

Refer to Bloomberg


Share the news now

Source : Trí Thức Trẻ