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On Friday night…
President Trump canceled tariffs on smartphones, laptops and other electronic devices from China.
Apple (NASDAQ: AAPL) shares jumped 4.3% in Monday morning trading.
Apple produces over 80% of its iPhones and iPads in China. The pause on these tariffs means that Apple will not be forced to raises prices on its products.
The change in tariffs also benefitted Dell (NASDAQ: DELL) with a 5.5% gain.
There was concern that the price of an iPhone could jump to $3,500 due to the tariffs. And prices for other electronics made in China could double or triple.
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75% of Americans think that tariffs will increase prices in the short-term, according to a new poll from CBS News/YouGov.
Chinese produced electronics may have dodged the tariff bullet.
However, many Americans could see higher prices in the coming weeks. This includes higher prices for foreign products including…
- 145% higher prices for clothing or toys made in China
- 46% higher prices for sportswear from Vietnam
- 25% higher prices for new cars
- 20% higher prices for wine from Europe
- 10% higher prices for coffee
There’s only one way to BEAT the tariffs. You must boost your passive income right now.
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Trade wars and tariffs are sparking volatility in the stock market. And that makes this the ideal time to replace regular stocks and ETFs with income producing investments.
Inside this exclusive webinar you’ll discover how to…
- Collect 1-day Supercharged Payouts of $2,860, $4,120 and even $4,501
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Ian Wyatt