In a big relief for Apple, US President Donald Trump has allowed Apple Watch to be exempted from import tariffs. Apple’s request for an exemption for its Watch models was recently approved by U.S. Trade Representative as per a report by Bloomberg. 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. 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. “President Donald Trump imposed a 15% tariff on a list of goods in September that included the Apple watch. He cut in half those tariffs as part of an initial trade deal with Beijing that went into effect Feb. 15,” the report added. With Apple Watch being the most popular smartwatch globally, the tax relief will mean big money. As per the the latest worldwide quarterly wearable device tracker report, IDC has said that Apple has led the wearable market with 43.4 million units shipment “thanks to its refreshed AirPods, AirPods Pro, and Apple Watch as well as its Beats products spanning… Read full this story
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