Tariffs hit Apple products and other tech companies tomorrow

The new tarrifs against china-made products is about to get a major buzz this weekend. The Trump administration has formally enacted a new round of tariffs against China-made products that will take effect September 1st. This round of tarriffs will hit many tech companies with a 15 percent tariff on a range of goods. Apple is about to take a major hit because many of its devices will fall in the category of products tariffed. The hikes will affect AirPods, the Apple Watch, some Beats earphones, the HomePod and iMacs.
A number of components will also be affected including cameras, flash storage, optical discs (like Blu-ray and DVD) and lithium-ion batteries.
The Trump administration is planning another wave of tariffs that will affect prices for phones, laptops, consoles and other tech. This new tarrif is expected to take effect on December 15th if negotiations go as planned
It’s uncertain if Apple or other companies will raise prices to compensate for the tariffs. Apple has historically maintained its profit margins whenever possible, but it also hasn’t had to contend with tariffs like this before. There may be pressure to swallow some or all of the added costs, though. Apple in particular is dealing with slowing revenue growth — preserving its margins might not help if the higher prices result in fewer buyers.