Apple CEO Advised Trump His tariffs Policy hurting Apple. President Trump and Apple CEO Tim Cook had a dinner on Friday. Where they talked about things from one of them is Tariff policy. Trump recently increased tax on things. Which will import and export from china.
Trump said “I had a very good meeting with Tim Cook,” “Tim was talking to me about tariffs. And one of the things, and he made a good case, is that Samsung is their number one competitor, and Samsung is not paying tariffs because they’re based in South Korea.”
“It’s tough for Apple to pay tariffs if they’re competing with a very good company that’s not. I said, ‘How good a competitor?’ He said they are a very good competitor. So Samsung is not paying tariffs because they’re based in a different location, mostly South Korea but they’re based in South Korea. And I thought he made a very compelling argument, so I’m thinking about it.”
If they are hurting Chinese but tariffs. they are also hurting their own companies. Most of the products of apple are coming from china. After 15 December there will be 10% tax on the electric products. So be ready to pay 10% extra on apple products.