President Donald Trump says Apple CEO Tim Cook has made "a very convincing argument" that tariffs would affect China's competitiveness with Samsung. The couple had dinner at the President's Golf Club in Bedminster, New Jersey on Friday night, and Trump told reporters on publications such as Bloomberg, CNBC and Fox News on the way back to Washington about the conversation.
"I had a very good meeting with Tim Cook," said Trump . "I have a lot of respect for Tim Cook and Tim talked to me about tariffs. And one of the things, and he made a good case, is that Samsung is the number one competitor and Samsung does not pay any tariffs because they are based in South Korea. "
Most Apple products are assembled in China and will receive an additional 10 percent import tax later this year. This will apply to products such as the Apple Watch and AirPods from September 1, although the iPhone, iPad and MacBook product line will be released on December 15 after a delay for the Christmas shopping season.
Samsung The supply chain is more diversified and much of the production is located in South Korea and Vietnam. Therefore, the company is not hit so hard by the Trump government's continuing trade war with China. It is said that Apple plans to move a larger part of its production to another location.
Trump made a preliminary comment on the dinner with Cook on Friday night on Twitter saying Apple would "spend enormous sums of money in the US. Great! "Although he has in his comments to reporters apparently no details about further US investment mentioned.