The United States will hold off on raising its new tariff on Chinese semiconductor imports until June 2027, delaying the financial hit on Apple’s component sourcing efforts for Mac, iPhone, and other products.
Tim Cook and Donald Trump in a meeting at the White House in 2018
The US-China tariff battle led to fears of massive tariffs on Chinese imports into the United States and potentially sky-high price rises for Apple products. While the world held its collective breath for tariffs to be introduced against semiconductors in January, importers have been given a reprieve.
In a Federal Register filing on Tuesday, reports CNBCthe Trump Administration confirmed it will take action against China under Section 301 of the Trade Act of 1974, and the response will be a tariff on semiconductors.
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