The nearly universal 10% tariffs enacted by Trump have been declared illegal, pending appeal, so Apple may get even more cost reduction across its supply chain and additional refunds.
Liberation Day tariffs and their follow up are both illegal
Liberation Day tariffs and their follow up are both illegal
The so-called “Liberation Day” on April 2, 2025 hit Apple’s supply chain like a ton of bricks. A year later, those “reciprocal” tariffs were declared illegal and new global tariffs were put in place immediately.
President Trump attempted to utilize a never-before-used provision to enact the 10% tariffs without congressional approval, but that has backfired. On Thursday, the Court of International Trade has found those new global tariffs were also illegal.