Apple Requests Tariff Waivers on iPhone Parts, Watch and AirPods

This post was originally published on this site

https://i-invdn-com.akamaized.net/content/pic2d5bff01a1b47a58b0f136345f02b76a.jpg

(Bloomberg) — Apple Inc (NASDAQ:). is seeking exclusions from President Donald Trump’s tariffs that went into effect Sept. 1 on the Apple Watch, iMac, parts for the iPhone and other components imported from China.

The company filed requests for exclusions from 15% duties on 11 products or components Thursday, the first day U.S. firms could seek relief from the tariffs on about $110 billion in Chinese imports. The iPhone maker had mixed results on its requests for exclusions from the previous round of duties.

Apple also is seeking to avoid tariffs on the HomePod, the Beats Pill+ wireless speaker, AirPods and Beats wireless earbuds, iPhone smart battery case, the charging case for AirPods and the PowerBeats, storage components for the Mac Pro, and batteries for the iPhone and MacBook, according to the request posted online.

Apple Chief Executive Officer Tim Cook said earlier this week that Apple is already paying tariffs on some products.

Exclusion decisions are based on whether a product is available only from China, is strategically important or related to Chinese industrial programs, and whether duties will “cause severe economic harm” to the company or U.S. interests.

In its requests for tariff waivers, the Cupertino, California-based company said it hasn’t identified a source outside of China that is able to meet U.S. demand for the products or components in the coming year. An Apple spokesman declined to comment Friday.

Apple made similar requests for relief from 25% duties on $200 billion in goods imposed last year. While the U.S. Trade Representative’s office denied exclusions on five Chinese-made components for the upcoming Mac Pro computer, it approved tariff waivers on 10 parts for the product.

The company announced in September it would make new Mac Pro computers at a plant in Austin, Texas — which it has operated since 2013 — after originally considering shifting production to China like its other products.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.