From PC Mag: Apple flew five cargo planes of iPhones and other products from India and China to the US in late March to avoid paying President Trump’s baseline 10% tariff that took effect on April 5, The Times of India reports.
The emergency shipments came in over three days in the last week of March, meaning Apple's US warehouses now have a few-months supply. “The reserves that arrived at lower duty will temporarily insulate the company from the higher prices that it will need to pay for new shipments under the revised tax rates,” a source tells the Times.
The move could help Apple avoid an immediate price hike. A vast majority of its products are manufactured in China, Vietnam, and India, and starting April 9, goods coming in from these countries would be tariffed at 54%, 46%, and 26%, respectively. (China's reciprocal tariffs are at 34%, but it previously got hit with 20% tariffs so 54% total.)
View: Full Article
