10.30.2025
Thursday's announcement about a halving of tariffs on goods shipped from China only applies to the summer's back-and-forth between the two nations, and not the "reciprocal" tariffs applied in April
Tim Cook and Donald Trump in a meeting at the White House in 2018
Apple won an exemption on future semiconductor tariffs — at least temporarily — after investing $100 billion in the US. But it is still subject to Trump's "reciprocal" tariffs, and the new truce negotiated with China does not affect that.
According to the New York Times, Trump has agreed with China's Xi Jinping, to halve his fentanyl-related tariffs, which were announced over summer 2025. In its turn, China has agreed to suspend for a year its limits on exporting rare earth materials.
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