The US Commerce Department said on Wednesday it added Huawei to itsthat prevents the company from purchasing American parts and components without the government's approval first.
"While we expect a lot more sand to be thrown in the sand box between the Beltway and Shanghai until the G-20 talks in late June around these trade tensions, we caution investors on Apple to not jump to conclusions and instead rationally digest the most likely scenario when analyzing the stock," Ives told clients in a note out Thursday.
"Based on our analysis the way the tariff situation stands today on some lithium batteries and other input materials the cost of making iPhones currently will go up by roughly 2%-3%," Ives said.
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Trump Steps Up Assault on China’s HuaweiThe Trump administration escalated its battle against Huawei with a pair of actions that threatens to both cut the Chinese telecommunications giant off from American suppliers and ban it from doing business in the U.S. thanks president trump. Freedom is Never Free! Continually raise the tariff on all Chinese goods to 45% to 100% to 200%... PLUS for every percent that the exchange rate of CNY to USD is above 6.5, automatically add 2 extra percents of tariff! Long live President Trump! Freedom is Never Free! This implies one thing. Trump isn't after a better deal. Trump is after a kind of a war... that will make the Chines submit to his will If any one remotely knows the Chines leaders This will never happen China can really hurt us if it decides too do so
Source: WSJ - 🏆 98. / 63 Read more »
Why Alibaba and Tencent may not have the same Trump problems that Huawei hasThe focus to restrict Huawei's access to American companies appears to be motivated by concerns regarding secrecy and intellectual property, but the firm is also a main competitor to many U.S. telecom equipment businesses, according to Gil Luria. That is the next one！
Source: CNBC - 🏆 12. / 72 Read more »
Trump is being mocked on Chinese social media for giving Huawei free publicityTrump's executive order is expected to precede a ban on US companies buying Huawei telecoms equipment. Hes also mocked on US media.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump signs order setting stage to ban Huawei from U.S.President Trump’s executive order declares a national emergency allowing the government to block the purchase of tech linked to foreign adversaries SMH Why doesn’t he do anything about that other adversary, Russia 🇷🇺?
Source: politico - 🏆 381. / 59 Read more »