iPhone it was going to be one of the phones whose prices were going to increase substantially following the imposition of sanctions against China by the US, but it seems that things are changing. Donald Trump and Chinese President Xi Jinping have agreed to a 90-day "truce" for new negotiations between the countries before sanctions are imposed.
This is a new delay for a threat that was made a long time ago, and it seems that it will never be carried out, and it will not affect the iPhone. Last week, Donald Trump stated that the imposition of sanctions against China will lead to a 10% increase in iPhone prices in the US, at least, and that all consumers will be able to bear the difference.
iPhone Temporarily ESCAPES PRICE INCREASE
The agreement between Donald Trump and the Chinese president considers products worth 200 billion dollars that were to be taxed, not including iPhone components. The products that also involve iPhone components are part of a separate group, which was to be taxed after the former, but if the former are no longer taxed, it is clear that neither are the latter.
President Donald Trump and Chinese President Xi Jinping have reached a 90-day ceasefire agreement on new economic tariffs. The United States and China reached a 90-day ceasefire in a trade dispute that has rattled financial markets and threatened world economic growth. The breakthrough came after a dinner meeting Saturday between President Donald Trump and Chinese leader Xi Jinping at the Group of 20 summit in Buenos Aires.
If the iPhone will be more expensive in the US, there is a very high chance that Apple will do the same in Europe, or other countries where it currently sells its products. If this happens, it is possible that iPhone sales will decrease significantly for the Apple company, so Trump could actually be the big problem for those in Cupertino, and not the decrease in popularity of phones.
