Trump: Tim Cook ‘Made a Good Case’ of Tariffs Hurting Apple, Benefiting Samsung

Donald Trump

Apple’s CEO Tim Cook met President Donald Trump on Friday over dinner where they both discussed the impact of U.S. tariffs on goods imported from China including those from Apple, and more.

Trump revealed on Sunday that Apple’s CEO “made a good case” of how the tariffs could hurt the company. Samsung has a robust supply-chain outside of China so it can bypass the tariff implemented by the U.S. government by importing smartphones and other products into the US from its factories located in Vietnam, South Korea, and India.

“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.

The U.S. government is set to impose tariffs on an additional $300 billion worth of goods imported from China. The tariff was scheduled to be applicable from September 1 on all goods but the U.S. government decided to defer the tariffs on smartphones, tablets and other electronic items to December 15 for the benefit of the shoppers during the holiday season.

However, AirPods, HomePod, and the Apple Watch are going to be the subject of a 10% tariff hike from September 1 itself.

Apple had previously asked the U.S. government for tariff waiver on certain components for the 2019 Mac Pro imported from China. However, Trump was quick to reject the request stating that if Apple wanted any kind of tariff waiver, it would have to produce the Mac Pro in the US.

[Via Reuters]