National Economic Council Director Claims That Tariffs Applied On Apple’s Imported iPhones Will Not Be Passed Down To Consumers; Calls It A ‘Tiny Little’ Amount For What Could Be A Massive Sum ...Middle East

The Trump administration has doubled down on its efforts to ensure that Apple shifts its iPhone manufacturing to the U.S., or risk paying a 25 percent tariff on those imported goods. The increased levies mean that the Cupertino firm will have little choice but to pass those cost bumps to customers, meaning that every iPhone arriving from overseas shipments will be subject to a price increase. However, National Economic Council Director states that these tariffs will only be absorbed by Apple and not its customers, which is a strange statement to make, considering that any added taxes are always borne […]

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