US-China trade deal set to reduce manufacturing costs for Apple, aims to cut prices for consumers
President Obama and President Xi Jinping in Beijing (photo: Agence France-Presse/Getty Images)
A trade agreement reached between the U.S. and China looks set to reduce Apple’s manufacturing costs by removing import tariffs on components imported into the country.
Apple uses components from a number of countries around the world, notably Korea and Japan, which are imported into China for the assembly of iPhones, iPads and Macs. China currently imposes import tariffs on these components. The new deal would allow companies like Apple, Microsoft and HP to bring components into China free from these charges …
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