The US has reached a new trade agreement with China under which all Chinese imports will face a 55% tariff, while American exports to China will be subject to a reduced 10% tariff. This was the result of two days of talks between diplomats from the two nations in London.

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.