Apple : US trade regulators approve tariff exemption for Apple Watches

An employee demonstrates an Apple Inc. Watch Series 5 device at an Apple store during a product launch event in Hong Kong China on Friday Sept. 20 2019. Apple's new iPhones with camera enhancements and improved battery life go on sale today

An employee demonstrates an Apple Inc. Watch Series 5 device at an Apple store during a product launch event in Hong Kong China on Friday Sept. 20 2019. Apple's new iPhones with camera enhancements and improved battery life go on sale today

In a big relief for Apple, US President Donald Trump has allowed Apple Watch to be exempted from import tariffs.

According to Bloomberg, the U.S. Trade Representative approved a fee waiver for Apple's wrist device on Friday. This may also translate to lesser or similar price of future Apple Watch models and consumers can expect a discount in the current prices at a later date.

The Apple Watch was on the September list of goods the Trump administration published related to the 15 percent applicable tax.

NHL extending isolation period for players and staff to April 6
Bill Daly, the National Hockey League deputy commissioner, confirmed the cuts but declined further comment to Bloomberg. The fund will also be made available to provide loans to employees who find themselves in hard financial situations.

The White House's trade negotiating office assured USA medical supplies importers that it will not impose import tariffs on Chinese products such as ventilators, oxygen masks and nubilators during the coronavirus (COVID-19) pandemic.

Apple argued in its request past year that its product, as a consumer electronic device, should be exempted because "it is not strategically important or related to "Made in China 2025" or other Chinese industrial programs". Even though they are designed in Cupertino by Apple, the Apple Watch is actually manufactured in China making it eligible to be taxed when imported into the U.S. There's no word on whether AirPods, Mac mini, and some other Apple products will be granted their own exemptions by the U.S. Trade Representative.

The USTR has in recent weeks granted Section 301 tariff exclusions for certain medical products from China, including medical masks, examination gloves and antiseptic wipes.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.