Open source
US President Donald Trump’s decision on imposing a number of new tarrifs on European Union, China, Canada and Mexico first of all hit the largest corporations around the world. France has already managed to declare that a trade war has actually began.
So, the Apple company has turned up among the «victims» of trade war. Risks have touched the Company’s fastest-growing division, which includes Apple Watch, and HomePod speaker, as well as AirPods earphones. The Apple Company seriously concerns, that it would suffer USD 200 billion material losses from Donald Trump’s latest proposals to slap a 10 percent duty on Chinese imports.
The main products of the company, iPhones and Mac computers, have so far being exempt from US tariffs, RBC agency reported.
Apple could raise US prices to compensate for higher duties, or take a hit on profitability indicators. Smart speakers from Apple’s rivals, such as Amazon, Google and Sonos, could also be affected by new tarrifs.
«Raising the degree in rhetoric between the US and China» is one of the «biggest risks» for the value of Apple’s shares during the time before new iPhone’s presentation,» – analysts say.
As The Journalist reported, US proposes to create a free trade area among G7 countries.
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