The technology giant's shares were up 7% in premarket trading, tracking gains in the wider market after Washington and Beijing agreed to temporarily slash the reciprocal tariffs on Monday. But Chinese imports will still be subject to a 30% levy in the U.S.
The company did not immediately respond to a Reuters request for comment on the WSJ report, which cited people familiar with the matter.
Apple said earlier this month that tariffs were expected to add about $900 million in costs during the April-June quarter and that it would source a majority of the iPhones sold in the U.S. in the period from India.
The cheapest iPhone 16 model was launched in the U.S. with a sticker price of $799, but could cost as much as $1,142 due to tariffs, per projections last month from Rosenblatt Securities, which say the cost could rise by 43%.
Amazon.com was in the crosshairs of the White House last month after its low-cost Haul unit weighed listing import charges due to U.S. tariffs, prompting the Trump administration to accuse the company of engaging in a hostile political act.
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