10% tariff is postponed, some parts of Apple equipment are still affected

The US government announced on Tuesday that it will delay the increase of tariffs on some Chinese imports, including mobile phones, notebook computers and other items on the list of benefits, making Apple and other chip makers share prices. However, according to Bloomberg, there are still some products in the market. Tariffs will increase on September 1 and will have an impact on Apple.

After the news came out, Apple's share price once soared 5.2%, the highest since the July share price increase. However, although the iPhone will not be affected for the time being, Bloomberg pointed out that tariffs on devices such as Mac desktops, AirPods, and AppleWatch will continue to increase in September.

China is Apple's important supply chain and revenue source, which has caused the company to suffer in the Sino-US trade war. "Bloomberg" pointed out that Apple's nearly 20% of its revenue in 2018 came from China.

The 10% tariff originally expected to be fully implemented on September 1 will have a very large impact on the company. Wedbush Daniel Ives said that if implemented, it would reduce Apple's 2020 earnings per share by 50 to 55 cents.

In addition to Apple, the stock prices of Texas Instruments, Micron and other chip makers have also soared, respectively, 2.4% and 6.2%. The trade war has had the most impact on chip makers. Securities firm Cowen said that the demand for the chip industry will not pick up until the agreement is reached between China and the United States.