SAN FRANCISCO: US President Donald Trump’s limited trade deal with China removes a major hurdle for Apple and other technology stocks that have already surged this year to record highs.
The so-called phase one deal announced, but still not signed, last Friday suspends the planned imposition of new 15% tariffs that would have hit US$160bil in Chinese consumer goods just weeks before Christmas, including US$115bil worth of iPhones, laptops and other electronics.
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