Apple Watch excluded from United States trade tariffs on China

  • Apple Watch excluded from United States trade tariffs on China

Apple Watch excluded from United States trade tariffs on China

US trade regulators have approved Apple Inc's (AAPL.O) request to waive tariffs on China-made Apple Watches, the Office of the United States Trade Representative said in a letter dated Friday. USA Exclude Apple Watch, AirPods, HomePod and iPhone components from tariffs on products imported from China, and the "Apple Watch" has been exempt. With the agreement, the USA cut the tariffs placed on the Apple Watch in half from 15% to 7.5%.

On September 20, 1019, the Trump administration put 15% tariffs on $200 billion worth of goods brought to the United States from China.

Apple requested waivers on these products in November.

Despite what President Donald Trump has said various times, China is not paying the U.S. millions of dollars because of the tariffs imposed on Chinese products imported into the U.S. The tariff is simply an import tax paid for by American corporations and consumers.

Apple argued it shouldn't be charged an import fee for the Apple Watch which it brings in from China, saying the wearable wasn't "strategically important", nor related to Chinese initiatives such as "Made in China 2025", which are created to encourage manufacturing in the country. And now they've been removed completely for the Apple Watch. This means Apple will not be required to pay the extra import tax for making its Apple Watch in China and then importing it back to the US. As it is, these computers are now not subject to tariffs when brought in from China.