Apple Dodged a Bullet, but the Stock Still Isn't a Buy

To the relief of anyone with an aging iPhone, the Trump administration exempted smartphones, computers, and other tech products from its punishing tariffs on Chinese imports over the weekend. While Apple (NASDAQ: AAPL) has geographically diversified its supply chain, the company still relies heavily on Chinese manufacturing partners for its devices. Absent any special treatment, prices in the U.S. on Apple products would have likely risen substantially due to the tariffs.While Apple is getting a big break, the relief may be short lived. President Trump later clarified that electronics like Apple's iPhones would be moving into a different tariff "bucket." While Apple's devices may not be subject to the full tariff on Chinese imports, they may eventually be subject to some level of tariffs.Even if Apple somehow manages to avoid tariffs on its own products, the escalating trade war between the U.S. and China, along with the uncertainty created by the Trump administration's general tariff policy, could hurt the company in another way.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool