After per week of fears, uncertainty, and doubt, President Trump dropped a shock on Saturday that can be music to Tim Cook dinner’s ears: All of Apple’s merchandise are exempt from the 125 % tariffs positioned this week on Chinese language imports. That follows a 90-day pause on tariffs on all different international locations.
The exemption covers all kinds of tech merchandise, together with smartphones, laptops, arduous drives, and, processors, in addition to headphones and good audio system. That’s principally every little thing Apple sells, with the attainable exception of some equipment comparable to Apple Pencil and Magic Mouse. For now, plainly it is going to be enterprise as regular at Apple Park, with no rapid concern of rising costs.
Nevertheless, the state of affairs may change at any second. Simply this week, Trump raised tariffs, paused tariffs, threatened extra tariffs, took intention at TSMC by threatening a one hundred pc tax, and exempted principally something with a microchip. So Apple’s reprieve could also be short-term. Trump’s strikes have been unpredictable—together with Saturday’s exemption—so it’s unclear what may occur subsequent. For instance, a 20 % “fentanyl” tariff seemingly stays on China’s imports for all merchandise, and U.S. commerce secretary Howard Lutnick mentioned smartphones and different client electronics should still be hit with separate tariffs. So, Trump may determine to levy additional tariffs or alter the listing of exempted merchandise.
However for now, the fears round worth hikes, particularly with the iPhone 17 simply months away, have calmed.