Apple's stock increased by nearly 6% this morning, reaching over $211, after the US-China tariff suspension was announced. Both parties agreed to reduce the common duties from 125% to 10%, although the agreement is temporary — for 90 days.
The provisional customs agreement improves the temper of investors
Investors responded enthusiastically — lower tariffs mean lower iPhone production costs, which account for more than half of Apple's revenue. Tim Cook at the final consequence conference estimated that the tariffs at the time cost the company about $900 million in the June 4th itself.
The agreement may reduce these losses — peculiarly crucial before the launch of iPhone 17, which may be accompanied by price increases. According to the Wall Street Journal, Apple is considering specified a step, inter alia, due to customs costs.
Trump announces: “Apple will build many factories in the USA”
President Trump informed in conversation with CNBCThat he spoke to Apple's CEO, Tim Cook. According to him, Apple plans to build a number of factories in the US as part of previously declared investment of USD 500 billion.
So far, Apple has only confirmed the construction of the AI server production center in Houston. another funds are intended to fund training in Michigan, R&D improvement and support national industrial projects.
Apple may increase production in the US, but in reality most devices will proceed to be produced abroad — mainly in India. At the same time, the stock exchange shows how crucial US-China business decisions are for the company's valuation.
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