iPhone and other smartphone imports from China hit lowest level since 2011

Customs data reveals that the import of iPhones and other smartphones into the US from China slumped to their lowest level since 2011.

While the more extreme tariffs have been “paused,” a 20% tariff imposed in March remains in place, and that’s believed to be behind a $1.8B fall in the value of smartphones being moved from China to the US …

20% tariffs on iPhones

At his most extreme, Trump announced tariffs of 145% on goods imported from China. He was later talked down,…