US is said to spare Apple watches from latest China tariffs

Not on the tariff list

That is a relief for Apple. They also have spared the Apple iPhone as well.

Nevertheless, Apple is still down $4.06 or -1.81% on the day at $219.78.

The Wall Street Journal points out that the concern for Apple, is that their products are vulnerable if Chinese officials follow through on retaliatory moves from US tariffs. That includes restricting sales of materials, equipment and parts key to their products.

In effect, Apple may escape the ironic tariff on their products from the US, but China could still hurt the biggest US company via other retaliatory measures.