Saturday 31 August 2019

These are the Apple devices that will be hit by a 15% tariff starting tomorrow

Tomorrow is the first day of a new month. Many look forward to September because the oppressive summer heat is dialed down and Autumn begins. The baseball playoff chase gets more exciting and the NFL kicks off a new season. But this year, something new takes place starting tomorrow, September 1st. 15% tariffs will take effect on $300 billion worth of Chinese goods imported into the U.S. To be clear, tariffs are merely an import tax that U.S. companies pay. These firms can absorb the additional cost of the tax, lowering profit margins and sending stock prices plummeting. Or, these companies ...

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