Apple avoids US$150-per-iPhone levy after US, China reach deal

The new import duties were due to kick in Dec 15 and could have added about US$150 (RM621) to the price of iPhones during the crucial holiday shopping season, according to analysts. — AFP

Apple Inc avoided 15% tariffs on its most important products, the iPhone, iPad and MacBooks, after US President Donald Trump signed off on a trade deal with China.

The new import duties were due to kick in Dec 15 and could have added about US$150 (RM621) to the price of iPhones during the crucial holiday shopping season, according to Wedbush Securities analyst Dan Ives.