Saturday, 21 September, 2019

Apple CEO Tim Cook warns Trump about China tariffs, Samsung competition

6 2019 President Donald Trump speaks alongside Apple CEO Tim Cook during the first meeting of the American Workforce Policy Advisory Board at the White House in Washington DC Apple CEO Tim Cook warns Trump about China tariffs, Samsung competition
Cecil Davis | 19 August, 2019, 15:57

Apple CEO Tim Cook and Trump discussed the new tariffs over dinner or Friday night, with Trump claiming that Cook made a "very compelling" argument for Apple's case. Apple will be hit, along with other retail products like clothing.

Apple's position on the deleterious effects of Trump's trade war was delineated in a letter Cook sent to USA trade representative Robert Lighthizer in late June.

Products in the categories exempt from the tariffs are critical to the USA consumer market, especially during the huge Christmas shopping season.

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Apple's MacBook laptops and iPhones won't face additional tariffs until December 15, but some of the company's other products, including its AirPods, Apple Watch and HomePod, will be subject to the levies on September 1. That means their tariff impact will be far less than the impact to Cupertino, California-based Apple. -China trade war, Trump sought to shift production for many manufactured goods to America, though it now manufactures goods like the iPhone in China. I have a lot of respect for Tim Cook, and Tim was talking to me about tariffs. 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. Trump's new tariffs will also make it more costly to fix Apple devices in the U.S.by making imported parts more expensive. Reportedly, Cook is now anxious that an extended trade war will put Apple at a competitive disadvantage.

Apple will be hit by tariffs because it makes the majority of its devices in China before importing them to the US and other parts of the world.

Apple said its Chinese competitors such as ZTE Corporation and Huawei Technologies Co.