Home / Latest Breaking News / Trump: Tim Cook makes good case that China tariffs harm Apple, aid Samsung

Trump: Tim Cook makes good case that China tariffs harm Apple, aid Samsung

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US president Donald Trump says he has mentioned price lists on Chinese language imports with Apple CEO Tim Cook dinner, who made it transparent they impact the iPhone maker greater than its South Korean rival, Samsung.  

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Trump stated Cook dinner “made an excessively compelling argument” over the have an effect on of price lists on Apple within the context of its festival with Samsung, which does not face the similar upper prices as a result of its merchandise are made in South Korea. 

“I’ve numerous appreciate for Tim Cook dinner. And Tim was once speaking to me about price lists,” Trump told reporters on Sunday

“And you realize one of the crucial issues that he made a just right case is that Samsung is their primary competitor and Samsung isn’t paying price lists as a result of they’re primarily based in South Korea. And it is difficult for Apple to pay price lists as a result of they are competing with an excellent corporate that is not,” he stated. 

A brand new tariff of 10% on $300bn of Chinese language imports was once because of come into impact on September 1, however was once closing week behind schedule through the Place of business of the United States Business Consultant till December 15. 

Trump introduced the brand new price lists in August after failing to succeed in an appropriate industry take care of China. 

The impending price lists observe to cellphones, pc computer systems, video-game consoles, sure toys, pc displays, and sure pieces of sneakers and clothes, in keeping with USTR.    

The unique timing of the brand new import tasks had brought about considerations over their have an effect on at the Christmas buying groceries season. Apple may be set to liberate 3 new iPhone 11 fashions within the 3rd quarter of the yr.   

In the meantime, Reuters reported at the weekend that Huawei’s transient license to shop for US era could be prolonged for an additional 90 days. 

The present waiver was once set to lapse as of late. Huawei’s addition to the Division of Trade’s Entity Record bans the corporate from purchasing US items with out the particular license.   

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