Apple and/or its customers were facing billions of dollars a year in additional costs after increases to US tariffs on Chinese imports imposed by the Trump administration earlier this year. The company had initially absorbed these costs, but it was unclear how long that might last, with future price rises seeming likely.
There’s some good news today, however, with Trump halving the additional tariffs imposed after meeting with China’s President Xi. Additional tariff increases that were scheduled to come into effect shortly have also been suspended …