Apple narrowly escapes major crisis after Trump grants tariff exemption

Apple Inc. has managed to dodge its biggest crisis since the pandemic — for the moment, at least.

Donald Trump’s 125 per cent tariffs on goods produced in China threatened to upend its supply chain as seriously as the Covid snarls did five years ago. On Friday night, the US president handed Apple a major victory, exempting many popular consumer electronics. That includes iPhones, iPads, Macs, Apple Watches and AirTags.