Apple Was on Brink of Crisis Before Trump Tariff Concession
Apple, these days, sells about 220 million to 230 million iPhones annually, with about a third of those going to the US.
Photographer: Samsul Said/BloombergThis article is for subscribers only.
Apple Inc. has managed to dodge its biggest crisis since the pandemic — for the moment, at least.
Donald Trump’s 125% tariffs on goods produced in China threatened to upend its supply chain as seriously as the Covid snarls did five years ago. On Friday night, the US president handed Apple a major victory, exempting many popular consumer electronics. That includes iPhones, iPads, Macs, Apple Watches and AirTags.