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If it was not important, why did you bring it up?
I didn't bring it up, it was part of a response to another post.
If it was not important, why did you bring it up?
I didn't bring it up, it was part of a response to another post.
You responded to it, in an attempt to correct what was correct in the first place, then claimed it was not important when shown to be wrong
Because the OP tried to link Apples problems with the Trump tariff war...which is idiotic since no tariffs are applied in China to goods made in China like the iPhone.
Following the meeting*, President Trump said China also agreed to reduce 40% tariffs (25% of which is retaliation for U.S. tariffs) on U.S. automobile exports, though China has not confirmed that it will do so.
The latest agreement is a small, but positive step toward repairing the U.S.-China trade relationship. It likely postpones the risk of a fourth tranche of tariffs on another $267 billion in Chinese imports, which the Trump administration has previously threatened to impose, beyond the 90-day period. President Trump’s appointment of U.S. Trade Representative (USTR) Robert Lighthizer, who managed to conclude the renegotiation of NAFTA, as the lead for the 90-day talks suggests that serious negotiations will take place.
*(From the excerpted text): On December 1, President Trump and President Xi reached agreement on the margins of the G20 in Buenos Aires to delay an increase on the third, $200 billion tranche of Section 301-related tariffs from 10% to 25%, which was originally set to take place January 1.
The latest round of U.S. tariffs is a 10 percent levy on $200 billion worth of Chinese goods, which is set to rise to 25 percent by the end of the year. That's on top of the $50 billion worth of tariffs on Chinese goods that went into effect in August.
How much more you could pay, and for what
The Office of the United States Trade Representative issued a comprehensive list of Chinese products that the U.S. plans to target. The list includes everything from vegetables and seafood to chemical elements and construction materials.
Including these latest additions, tariffs will cost the average American family $127 per year, according to an analysis from Kirill Borusyak, a postdoctoral associate at Princeton University, and Xavier Jaravel, an economics professor at the London School of Economics. The effect on you will vary based on what you buy, and the extra amount you'll pay could increase significantly if you make more substantial purchases.
Here are some notable goods that may become more expensive for American consumers as a result of the tariffs:
TVs
Homes and home renovations
Washing machines
Solar panels
Cars
Beer
Cosmetics
Electronics
Clothing
Yes, boyz-'n-girlz, he lowered upper income taxation on the rich and now he's raising imported costs of ordinary goods for most Americans ...
https://finance.yahoo.com/news/apple-just-confirmed-stock-markets-225049102.html
The numbers do not lie. It will be a brutal day for the stock market on Thursday. Trump, this should be your wake up call. The "glitch" in December will continue on in 2019 if you don't wake up.