Will Trump Grant Apple a Tariff Exemption Like He Did in 2018?

Apple is at the center of the trade wars as investors wonder whether it will receive U.S. tariff exemptions. Photo: Agence France-Presse/Getty Images

By Laila Maidan

Before buying Apple’s stock, know that chances of a tariff exemption are slim
In 2018, Washington came to the table willing to bend. This time, policy frictions mean exemptions are less likely.

This time, Trump passed tariffs through the International Emergency Economic Powers Act (IEEPA) without a process that allowed companies to request exemptions, according to a note from Morgan Stanley — which added that if Apple were to receive one, it would need to come directly from the president. For that reason, the investment bank pegs the chances of an exemption at only 20%.

[Ed Apple is a US company that moved its manufacturing operations to China in the early 2000s because specialized Chinese electronics workers are wiling to work for far lower wages than US workers. I think Trump is hoping his tariffs will inspire he company will move at least some of it manufacturing operations back to the US].

Via https://www.marketwatch.com/story/before-buying-apples-stock-know-that-chances-of-a-tariff-exemption-are-slim-a58ab62e