Friday, March 29, 2024

Tariff on Apple Chargers and Cases Jumps Now at 25%

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Apple products have largely escaped the tariffs imposed on goods manufactured in China, but since earlier this year, Apple accessories like power adapters, cables, and cases have been subject to a 10 percent fee.

As noted by The Verge, the United States on Friday raised import taxes from 10 percent to 25 percent, a tax increase that’s going to impact these Apple accessories.

Thus far, Apple and its suppliers have absorbed the additional 10 percent fee on Apple accessories and prices have not gone up, but with tariffs now at 25 percent, it’s not yet clear if Apple will continue to eat the extra cost.

Apple may be making enough money to continue to sell its accessories at a normal cost, and as The Verge points out, it could have shifted manufacturing to different countries to avoid the fees all together. Apple has not commented on the extra tariffs at this point in time.

China today retaliated and announced increased tariffs on $60 billion in U.S. goods, which will take effect in June. China will be introducing import fees on petrochemicals, soy oil, peanut oil, and more.

Apple CEO Tim Cook last July said that Apple is hoping “calm heads prevail” and that the company is “optimistic” the tariff issue will be sorted out. That hasn’t happened yet, but so far, the bulk of Apple products continue to be unaffected.

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This article, “Tariff on Apple Chargers and Cases Jumps Now at 25%” first appeared on MacRumors.com

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