Trump trumpets trade deal with China that's still terrible for Apple

In an ambiguous post today, President Donald Trump noted that he's close to a deal with China, that's still worse for Apple and the US economy than what was in place before his April tariff program launch.Tim Cook and Donald Trump in a meeting at the White House in 2018On Wednesday, Trump took to Truth Social to announce that the U.S. and China were in the process of completing tariff negotiations. According to Trump, the US will receive 55% tariffs, while China will receive 10%, pending approval from both parties.As part of the deal, China will supply magnets and rare earth materials. In exchange, the U.S. will continue to allow Chinese students to attend American colleges. Continue Reading on AppleInsider | Discuss on our Forums