China tariff would hurt Apple Inc., CEO Cook warns Trump


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China tariff would hurt Apple Inc., CEO Cook warns Trump

On Sunday, the 18th of August 2019, US President Donald Trump said that he had spoken with Apple CEO, Tim Cook, who happened to be a family friend of Trump, regarding the drawbacks of added US tariffs on Chinese imports alongside growing competition from South Korea’s Samsung Electronics, world’s No.

1 smartphone vendor. In fact, later last week, US President Donald Trump had invited the Chief Executive of Apple Inc., the largest taxpayer in the United States, for a Friday (August 16th) night dinner. Nonetheless, followed by the Friday’s (August 16th) meet with Apple CEO, Tim Cook, Trump had been quoted saying to the reporters in New Jersey on Sunday (August 18th) that Cook made a good case saying that the tariffs would be hurting Apple Inc.’s competitiveness, as South Korea’s Samsung Electronics would not be subject to the same China tariff.

Further inside the bid, an added tariff on $300 billion of Chinese imports including electronics goods, has been scheduled to take effect in two stages on September 1st and on December 15th. However, Apple’s MacBook alongside iPhones would not be subject to additional duty until December 15th, but the Cupertino, California-based one of the big four tech artilleries, Apple Inc.’s other products would be facing off added levies on its AirPods, Apple Watch alongside Apple Homepod from September 1st.