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Apple warns it could be damaged by US tariffs

by on19 August 2019

While Samsung will not

President Donald [Prince of Orange] Trump said on Sunday that he had spoken with Apple Chief Executive Tim Cook about the impact of US  tariffs on Chinese imports who made a “good point” that US based companies would suffer while its foreign rivals wouldn’t.

Trump said Cook “made a good case” that tariffs could hurt Apple, given that Samsung’s products would not be subject to those same tariffs.

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

The United States and South Korea struck a trade agreement last September.

“I thought he made a very compelling argument, so I’m thinking about it”, Trump said of Cook, speaking with reporters at a New Jersey airport.

Apple’s MacBook laptops and iPhones would not face the additional tariffs until 15 December but some of the company’s other products, including its AirPods, Apple Watch and HomePod, would be subject to the levies on 1 September.

Last modified on 19 August 2019
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