"Consumer electronics makers got a short term reprieve, but what we're witnessing is a chess match and we don't know who will blink first," said Patrick Moorhead of the research firm Moor Insights & Strategy. Moorhead said Apple would be uniquely affected because it manufactures most of its products in China and also sells a lot there. "Most of Apple's revenue and profits are driven by the iPhone which is almost exclusively manufactured in China," the analyst said. "China must change, but this is not the way to achieve the needed market access in China. "Tariffs increase the cost of our US operations, divert our resources, and disadvantage Apple compared to foreign competitors," Apple said in comments submitted September 5.

Source: Philippine Star September 19, 2018 02:03 UTC