US likely 'biggest loser' if iPhones, laptops go on tariff list

US companies are set to bear the biggest losses should American president Donald Trump proceed with a 10 per cent tariff on laptops and mobile phones made in China.
In particular, Apple Inc, whose iPhones and MacBooks are mostly assembled in China, could be hit hard while its Chinese partners remain unscathed, a Jefferies Financial analyst said.
The majority of profit of any Apple product is made from the US, followed by Korea, Japan, Taiwan and a few European countries, said Conor O’Mara…

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