US and China reach tariff agreement

Tariffs have been a major topic in the tech world this year, with the ongoing US-China trade war, but it seems we’ve reached a turning point. President Trump came to an agreement with Xi Jinping to reduce tariffs on Chinese goods from 57% to 47%. In addition, China is suspending its restrictions on US rare-earth mineral imports for one year.

This latest development is a breath of fresh air as the Trump administration’s tariffs on Chinese goods reached 145 % at their peak earlier this year. This is certainly good news for Apple, which was one of the companies that suffered the most from…