Trump initially announced "Liberation Day" tariffs on imports from nearly 180 countries on April 2, but he quickly paused most of them for 90 days after the stock market tanked. He's since begun negotiations with most of the countries, but only one deal with the UK has been announced so far.

The agreement by both the US and China to pause tariffs might make things easier in the very short term, and it may lead to a deal, but it hides that American consumers and firms will still have to deal with extreme expenses and other trade changes that do nothing but harm.

How are the Trump administration's tariffs impacting Apple? Here are 10 things investors should know. Apple's revenue increased 5% year over year in its fiscal Q2 to $95.4 billion. The company's earnings per share jumped 8% to $1.65. Both top- and bottom-line numbers beat Wall Street's estimates.

Check out CNET's tariff impact tracker is keeping tabs on price moves for several popular products as Walmart becomes one of the biggest retailers to warn of price hikes.

Also read: iPhone 17 Air likely to come with optional accessories for lasting battery life- Details

Apple expects a $900 million tariff hit this quarter as it shifts US iPhone production from China to India amid trade tensions