'This a home-run day for Apple, huge wins,' Jim Cramer says.
The tech giant's iPhones and laptops are assembled in the country and would have been subject to a 10% tariff to be shipped to America, a cost that could have been passed on to consumers.
Trump on Tuesday decided to scale back how far a fresh round of levies would stretch on goods coming from China.host said. "Apple has been a total flashpoint within the White House because they're caught between both countries. ... Plus, they've built a whole ecosystem of job creation in the software space in both countries."
Cramer said investors must understand what companies truly benefit from the tariff delay and find opportunities to buy shares on a pull back. Trump threatened to put another 10% tariff on the remaining $300 billion of untaxed Chinese imports on Sept. 1. He signaled that he would hold off on new levies on some imports until Dec. 15.
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