Jul 26, 2019

Trump denies Apple's tariff waiver request for Mac Pro

Photo: NICHOLAS KAMM/AFP/Getty Images

President Trump said on Twitter that Apple won't be getting any tariff waivers for Mac Pro parts produced in China and that the company should "make them in the USA."

Why it matters: Apple requested waivers for 15 items related to the manufacturing of the Mac Pro, but those items will now be subject to the 25% tariffs. The company's dependence on Chinese manufacturers has become a sore point with Trump as his trade war with China continues.

  • Trump had previously said there would be tariff waivers for companies that can prove their parts or products can only be acquired in China, per Bloomberg.

Background: The Mac Pro was the only high-end computer manufactured in the U.S. till Apple decided to move production to China. Apple had spent millions building the facilities to produce the computer in Texas.

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Apple CEO: We want to continue making Mac Pro in the U.S.

Ina Fried/Axios

Apple CEO Tim Cook said Tuesday that the company is investing in U.S. manufacturing and hopes to continue to do final assembly of the Mac Pro here.

Why it matters: It was reported that Apple was asking for a tariff exemption related to the Mac Pro, but that was apparently so it could bring partially assembled goods into the U.S. for final assembly without tariffs. President Trump had tweeted in response that Apple should do its manufacturing here and wouldn't get any tariff relief.

Go deeperArrowJul 30, 2019

Apple's growth areas rely on its shrinking iPhone business

Apple's new iPhone-powered credit card, Apple Card, launches next month. Photo: Apple

With its latest earnings numbers, Apple proved once again that its growing services and wearables businesses can help lead the company to record financial results even as iPhone sales fall short of prior years.

Why it matters: This strategy is a creative way to manage through a maturing smartphone market, but Apple's business is arguably just as dependent on the iPhone as it has ever been, perhaps more so, because these new businesses are tied at the hip to the device.

Go deeperArrowJul 31, 2019

Scoop: How the U.S. decided which China tariffs will be delayed

The U.S. flag flies over a container ship unloading it's cargo from Asia, at the Port of Long Beach, California. Photo: Mark Ralston/AFP/Getty Images

The Trump administration's list of goods from China that won't be subject to a 10% tariff until Dec. 15 is made up of "products where 75% or more of the 2018 U.S. imports of that product were from China," according to an email sent to trade groups from the U.S. Trade Representative Office.

Why it matters: The initial press release from the USTR said certain items would see a delay in taxes "as part of USTR's public comment and hearing process," but it did not specify whether there was a formula involved in the two list designations. The items subject to the Sept. 1 tariff are those that are less commonly imported from China.