Apple(US:AAPL) Sou Hu Cai Jing·2025-08-21 00:30Group 1: Impact on U.S. Economy - The U.S. Customs is under unprecedented pressure due to a significant increase in tariffs, with Chinese goods contributing $7.078 billion in tariffs in June 2025 alone, accounting for 65% of total U.S. tariff revenue for that month [1] - The average tariff rate on Chinese goods has surged to 40.3%, with a staggering 104% cumulative tax rate, resulting in 90% of the burden falling on U.S. consumers [1] - The U.S. retail market is experiencing price hikes, with microwave prices increasing by 28% and bicycles by 19%, leading to unsold inventory [1] Group 2: Corporate Responses - General Electric has cut its aviation engine production capacity by 15%, while Apple faces a 12% increase in supply chain costs, potentially raising the starting price of the iPhone 17 by $300 [2] - Chinese manufacturers are shifting their focus away from North American orders due to low profit margins, with one toy manufacturer stating that the profit on a pair of sneakers after tariffs is only $0.50 [4] - Tesla's Shanghai factory is adapting by shipping Model Y components to Mexico for assembly, allowing them to enter the U.S. market tariff-free [4] Group 3: Trade Dynamics and Future Outlook - The U.S. fiscal deficit has increased by 19% year-over-year, surpassing $1.63 trillion, with tariff revenues insufficient to cover even a fraction of the national debt interest [2] - The U.S. Customs system is on the brink of collapse due to a personnel shortage of 5,850, leading to significant cargo backlogs [8] - The upcoming resumption of U.S.-China trade talks is seen as a critical moment, with potential retaliatory tariffs from China looming over the U.S. [6]