Apple Breaks Out and Signals Green Light on the Chart. Benefiting from Falling Tariffs. About 80% of US iPhones Come from China!

In the USA, beneficiaries of falling tariffs jumped on Monday after China and the US moved closer together. A 10% tariff is imposed on imports of US goods into China, while a 30% tariff applies to imports of Chinese goods into the US. Typical winners include Nike, Dell, and Tesla. Joining them is Apple (AAPL), one of the largest providers of smartphones, tablets, and PCs. It is estimated that of the 60 million annual iPhones, 80% are sourced from production in China for the US market. This rapprochement is likely to allow Apple to slow down the...