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Home / Business / Trump said he talked to Apple CEO Tim Cook about tariffs and Samsung

Trump said he talked to Apple CEO Tim Cook about tariffs and Samsung



US. President Donald Trump speaks with Tim Cook, CEO of Apple Inc., during a meeting of the American Workforce Policy Advisory Board in the White House's dining room in Washington, DC, USA, on Wednesday, March 6, 2019. [19659002] Al Drago | Bloomberg | Getty Images

President Donald Trump said he spoke with Tim Cook about tariffs and Apple's South Korean competitor Samsung.

Trump said Cook has made a "good case" for Apple's difficulty in paying fares if Samsung does not face the same hurdle because much of its production is in South Korea.

"I thought he made a very convincing argument," Trump told reporters on Sunday. The president said he would have dinner with Apple's CEO on Friday.

Trump has ordered 1

0% duty on additional $ 300 billion in goods imported from China. Initially, all of these tariffs should come into effect on September 1, but Trump postponed some of the import tariffs until December 15 due to concerns over the impact on the Christmas shopping season.

"It's hard for Apple to pay fares if it's competing with a very good company it is not," Trump said.

Tariffs delayed until December include consumer electronics such as mobile phones. Apple's stock closed 4% on Tuesday after Trump made that decision.

Apple is expected to release its new version of the iPhone in September.


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