Over 150% China tariff rate delayed by 90 days, 30% still in effect for iPhone season

Monday's tariff pause just in time for the iPhone 17 launch means Apple's import tariffs from China will only be ten times more than they were in March, instead of 50 times.Apple will continue to pay extreme tariffs in ChinaApple shared that if nothing changed as of July 31, it would incur another $1.1 billion in tariff costs for fiscal Q4. It seems that Apple has dodged a bullet as President Trump revealed he will delay increasing tariffs on China, yet again.The pause was revealed just hours before the previous 90-day pause was set to end. According to CNBC, President Trump signed an executive order that pushes the deadline back another 90 days to mid-November. Continue Reading on AppleInsider | Discuss on our Forums