Apple CEO Tim Cook made 'very compelling argument' against tariffs, Trump says

Apple CEO warns Trump about China tariffs Samsung competition

Apple CEO warns Trump about China tariffs Samsung competition

After Trump's comments, USA stock futures rose. It seems, however, that he might be willing to yield some ground if those decisions actually put big U.S. companies at a bad disadvantage.

According to CNBC, Trump said that Cook made a "good case" that it's hard for Apple to compete with Samsung considering that the former isn't subject to tariffs as most of its manufacturing is in South Korea.

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

I had a very good meeting with Tim Cook. The latter batch includes iPhones due to launch next month.

During a Friday-night dinner with Donald Trump, Apple CEO Tim Cook very almost convinced the US President that the import taxes he's planning on iPhone and other products would benefit Samsung, its chief competitor. Cook's argument may be "compelling", but if Apple gains exemption, it would set a precedent that would likely see Trump inundated with requests from other technology firms.

Later, the president chose to delay the import taxes on phones, laptops, and some other goods, though Apple accessories like AirPods will still get hit next month. In June, The Wall Street Journal reported Apple planned to shift production of the MacBook Pro laptop to China.

It looks like Apple is gunning for some sweet tariff exemption from the USA for its manufacturing. In short, Apple and its customers will end up paying more because of those tariffs which would make Samsung's smartphones more tempting and more affordable.

"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.

Notícias recomendadas

  • WhatsApp from Facebook Tag Added to Latest Beta Version

    WhatsApp from Facebook Tag Added to Latest Beta Version

    Using this feature, Android users will be able to add a layer of biometric authentication in order to access their WhatsApp chats. WhatsApp is one of the primary communication solutions in the digital era today and it tries to make it easier for everyone.
    Justin Thomas holds on to win BMW Championship

    Justin Thomas holds on to win BMW Championship

    American Tony Finau finished fourth on 270, one shot ahead of countryman Brandt Snedeker and Spain's Jon Rahm . The U.S. team for the Presidents Cup didn't change, with Bryson DeChambeau holding down the final spot.
    Trump 'Doesn't Believe' Fox News Poll Results

    Trump 'Doesn't Believe' Fox News Poll Results

    And I think Fox is making a big mistake because, you know, I'm the one that calls the shots on that - on the really big debates. And I'm not happy with it". "I think they're making a big mistake because Fox was treated very badly by the Democrats".
  • Priyanka Chopra, Nick Jonas, Sophie Turner celebrate Joe Jonas’ birthday

    Priyanka Chopra, Nick Jonas, Sophie Turner celebrate Joe Jonas’ birthday

    Nick wore a black tux to the bash and Priyanka sported a short black sparkling semi-sheer fringed dress. While Joe hosted a bash on Friday, the celebrations were kicked off long before.
    Twitter to remove spam, abuse from your Direct Message inbox

    Twitter to remove spam, abuse from your Direct Message inbox

    The idea of hiding - instead of entirely deleting - unwanted content is something Twitter has been testing in other areas, too. The social media giant announced the new feature in a simple tweet and gif that outlined how the service will work.

    Apple Watch 5 could get ceramic and titanium versions

    The Apple Watch 4 now only ships with a stainless steel body, but previous Apple Watch devices have sported ceramic bodies, too. More specifically, Kuo says Apple will work with Japan Display to supply OLED displays for the Series 5 Apple Watch. (JDI).
  • Conflicts in Melbourne because of Hong Kong

    Conflicts in Melbourne because of Hong Kong

    And in Boston, dozens marched from the State House to the Chinatown gate in solidarity with the protesters overseas. But protests have since morphed into a wider call for democratic rights in the semi-autonomous city.
    Three UK rolls out 5G home internet access in London

    Three UK rolls out 5G home internet access in London

    The catch is that it's only available in a very limited selection of areas for now - Camden, Camberwell and Southwark. Ofcom has previously said that having as much spectrum as possible in a single block is best for 5G performance.
    PSG suffer shock defeat to Rennes

    PSG suffer shock defeat to Rennes

    It's claimed that the player's future is still "open", but he now seems to be running out of options. The market is open, it will not be resolved today or tomorrow, things are not set in stone'.
  • Apple leak reveals TWO new Apple Watch Series 5 models incoming

    Apple leak reveals TWO new Apple Watch Series 5 models incoming

    The new models are listed in the pairing animations that users see when they link their new Apple Watch with an iPhone. The one potentially good news is that Apple may have smartwatches to announce alongside the iPhones in September.
    Dwayne

    Dwayne "The Rock" Johnson' marries girlfriend of 12 years

    Johnson, 47, and Hashian, 34, first met in 2006 while the actor was filming The Game Plan and started dating in 2007. The actor took to Instagram on Monday to share the news of his wedding with his fans and followers.
    Man charged after NY scare over rice cookers

    Man charged after NY scare over rice cookers

    The Daily News and the New York Post quoted officers as saying the woman went into the water after her boyfriend rejected her. Alluding to the rice cookers, she said Griffin has a habit of picking up items in one place and putting them down in another.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.