Tim Cook and Donald Trump at a meeting in the White House in 2018
on Wednesday Trump turned to the truth of Social to declare that the United States and China are in the process of completing negotiations on tariffs. According to Trump, the United States will receive 55% of tariffs, while China will receive 10% in anticipation of the approval of both parties.
as part of the transaction, China will supply magnets and rare-earth materials. In the exchange of the United States, the United States will continue to allow Chinese students to visit American colleges.
Trump announces the “Chinese deal” for the truth of social
The situation remains chaotic, but at first glance, it seems, it is a particularly worst deal for the US public than what was in place. Prior to the start of tariffs in April, American companies paid about 15% for the import of goods from China, and Apple pays noticeably less than this. Considering that importing companies pay tariffs, and not the country of export, it grew to 50%that will need to be paid, and ultimately the American public is drunk, and there was no specific transaction for Apple, given the previous remarks of Trump about the import of the smartphone.
also, earlier, Chinese companies paid about 30% in tariffs that import goods in the United States. They will have to pay 10% under a new deal if the president is completely accurate.
In April, China stopped the export of rare-earth minerals and magnets, placing materials to the export management list. This step effectively stopped the export of materials from the country and to others, where they will be used to produce parts and components for various products.
The materials themselves are crucial for the main industries and MDash; Especially in the production of devices such as consumer electronics. This step was considered punitive, designed to bite the Trump administration for the growing tariff war.
China produces about 90% of the rare earth minerals used throughout the world. This gives him great control over materials and the ability to use it as a kudgel to attack other countries, such as the USA
tariff war has had an exciting effect on many companies, including Apple. Recently, the expansion of Apple Apple Intelligence in China reached delay as a direct result of regulation issues raised in response to the tariffs of President Trump.
Apple expects an income of $ 900 million in the current quarter as a result of the tariff situation.
it is unclear when any transaction is signed.
