Consumers were always going to take the brunt of Donald Trump’s bungled “reciprocal tariff” scheme. The trickle-down of increased import costs has resulted in higher-priced gadgets, but the companies that originally hiked prices aren’t about to lower costs even after receiving their own tariff refunds.
Apple seems to be one of the biggest beneficiaries of recent tariff refunds. A February Supreme Court decision nullified many of the White House’s tariffs. Instead of facing even more lawsuits, the federal government created a means for companies to apply for rebates on their extra tariff spending. Apple calculated the tariffs into its latest…
Read the full article at GIZMODO.COM
