Apple Inc asked the Trump administration to waive tariffs on Chinese-made Apple ...
WASHINGTON - Apple Inc asked the Trump administration to waive tariffs on Chinese-made Apple Watches, iPhone components and other consumer products, according to company filings with the U.S. Trade Representative’s Office.
The company on Thursday sought tariff exclusions from 11 products, including HomePod speakers, iMac computers, parts for use in repairing iPhones, iPhone smart battery cases, AirPods and others. The public has until Nov. 14 to submit comments on the requests. The company added that “while Fitbit is aware of facilities currently producing such devices in Taiwan and South Korea, these facilities are fully owned by, or otherwise contracted to, Fitbit competitors that use them for their own branded production, rendering them unavailable to Fitbit.” Alphabet Inc announced Friday it has reached a deal to acquire Fitbit.
Apple’s wearables and accessories business - which includes the Apple Watch, AirPods and HomePod - brought in $24.5 billion in its fiscal 2019 ended in September, or about 9.4% of Apple’s revenue. Sales in the segment were up 41% versus the prior year, and the devices have become an important driver of Apple’s business as iPhone sales declined for the past four straight quarters.
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