US president Donald Trump says he has talked about tariffs on Chinese language imports with Apple CEO Tim Cook dinner, who made it clear they have an effect on the iPhone maker greater than its South Korean rival, Samsung.
Trump stated Cook dinner “made a really compelling argument” over the affect of tariffs on Apple within the context of its competitors with Samsung, which does not face the identical larger prices as a result of its merchandise are made in South Korea.
“I’ve plenty of respect for Tim Cook dinner. And Tim was speaking to me about tariffs,” Trump informed reporters on Sunday.
“And you already know one of many issues that he made a superb case is that Samsung is their primary competitor and Samsung will not be paying tariffs as a result of they’re primarily based in South Korea. And it is robust for Apple to pay tariffs as a result of they’re competing with an excellent firm that is not,” he stated.
A brand new tariff of 10% on $300bn of Chinese language imports was resulting from come into impact on September 1, however was final week delayed by the Workplace of the US Commerce Consultant till December 15.
Trump introduced the brand new tariffs in August after failing to achieve a suitable commerce cope with China.
The upcoming tariffs apply to cell telephones, laptop computer computer systems, video-game consoles, sure toys, pc displays, and sure gadgets of footwear and clothes, based on USTR.
The unique timing of the brand new import duties had brought on considerations over their affect on the Christmas purchasing season. Apple can also be set to launch three new iPhone 11 fashions within the third quarter of the yr.
In the meantime, Reuters reported on the weekend that Huawei’s non permanent license to purchase US know-how can be prolonged for an additional 90 days.
The present waiver was set to lapse at this time. Huawei’s addition to the Division of Commerce’s Entity Listing bans the corporate from shopping for US items with out the particular license.