Mark Gurman, Bloomberg:

Apple Inc. avoided 15% tariffs on its most important products, the iPhone, iPad and MacBooks, after U.S. President Donald Trump signed off on a trade deal with China.

The new import duties were due to kick in Dec. 15 and could have added about $150 to the price of iPhones during the crucial holiday shopping season, according to Wedbush Securities analyst Dan Ives.

Can’t help but think the $150 per iPhone dump of cold water on Apple’s holiday sales were the primary driver for this deal with China.