The WTO (World Trade Organization) and Reuters issued a document saying that it appears that products such as the iPhone caused a trade deficit between the United States and China, but the actual situation is not the case.
In relevant data, it was claimed that the trade deficit caused by the iPhone 7 model between China and the United States reached 37.5 billion U.S. dollars, accounting for 4.4% of the total. However, the WTO believes that the real situation is certainly much lower than this. Digital Reuters also issued a statement today that some people have deliberately exaggerated the iPhone’s influence on the trade deficit during calculations and have almost calculated all the costs of the iPhone. However, in fact, only a few of the iPhone’s costs are earned by Chinese companies.
Take iPhoneX, IHSMarkit once estimated that its total cost is about 370.25 US dollars, but in fact the A series of processors is Apple's own design; OLED screen from Samsung, the purchase price of up to 110 US dollars; memory chips from Japan's Toshiba and South Korea Sea Lux, worth $44.45 ... In addition, the United States and European companies are also involved.
The final calculation found that Chinese companies such as Foxconn earned only 3% to 6% of the cost of the iPhone, which is 11 to 22 US dollars. Many economists said that this calculation method is normal, analyst John said: Take the iPhone for example, Foxconn and other companies are only final assemblers, and the contribution is actually the value of the labor force rather than the parts themselves.
Therefore, many large-scale brokerage companies have appealed that there should be no increase in tariffs on products imported from China. This will cause catastrophic damage to the economy and consumers in the United States. However, the United States has not yet determined the taxation of Apple products, depending on whether they have iPhone and other products are considered as imported goods.
However, for the entire Chinese manufacturing industry, this news is still somewhat sad to read. Over the years, companies such as China have always played an assembler role among Apple suppliers. If we can become real suppliers in the future, Major brands offer screens (BOE) and memory chips (violet light) and other products, that is when the rise of Chinese manufacturing.