Apple CEO makes 'good case' against tariffs

Ruben Fields
August 19, 2019

And it's tough for Apple to pay tariffs if they're competing with a very good company that's not.

US stock futures rose upon opening on Sunday after Trump's comments.

Tim Cook reportedly met Trump over dinner and discussed his concerns that Samsung with its global manufacturing base will be less affected by tariff hike and will rake in a greater share of profits.

Cook again told Trump it will be hard for Apple to pay tariffs on its Chinese-assembled products since many of its competitors don't have to pay the same level of tariffs.

Apple's CEO Tim Cook met President Donald Trump on Friday over dinner where they both discussed the impact of US tariffs on goods imported from China including those from Apple, and more.

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Tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, are scheduled to go into effect in two stages on September 1st and December 15th.

The letter said Trump's proposed tariffs will hit Apple's major products, including iPhone, iPads and Airpods. Samsung has a robust supply-chain outside of China so it can bypass the tariff implemented by the USA government by importing smartphones and other products into the United States from its factories located in Vietnam, South Korea, and India.

In July, he had said Apple won't get any exemption from tariffs if it produces goods in China. I said, "How good a competitor?"

"I thought he made a very compelling argument", said Trump.

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