Iphone Gives Misleading Impression Of Us Trade Deficit With China Says Wto
The World Trade Organisation (WTO) has suggested that the iPhone plays a significant role in skewing the apparent US trade deficit with China. On the surface, the deficit appears to be $375B, with the iPhone 7 series alone accounting for around 4.4% of that, but the true figure is said to be far lower … Reuters reports that because iPhones are assembled in China, the headline numbers count almost the entire manufacturing cost of an iPhone, while in reality very little of that money is spent in China....