Apple, rare earths
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Apple is investing $500 million with MP Materials to design and manufacture recycled rare earth magnets in the US, specifically for Apple devices.
President Donald Trump has started to dictate new tariff rates for countries without a U.S. trade deal, with the Apple Watch, Mac Pro, and Mac Studio all poised to get hit by extra import charges on August 1.
Both the Mac and Apple Watch are manufactured in Thailand, with the Apple Watch becoming the first Apple product produced there
U .S. tariffs on Vietnam, imposed under the trade deal President Donald Trump unveiled on Wednesday, are expected to do relatively little damage to Apple’s margins, even though the company is shifting production of many devices there.