Apple CEO warns President about China tariffs and Samsung

(Reuters) – President Donald Trump said on Sunday that he had spoken with Apple Inc’s Chief Executive Tim Cook about the impact of US tariffs on Chinese imports as well as competition from South Korean company Samsung Electronics Co Ltd.Trump said Cook “made a good case” that tariffs could hurt Apple, given that Samsung’s products would not be subject to those same tariffs. Tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, are scheduled to go into effect in two stages on Sept. 1 and Dec. 15. “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. Apple was not immediately available for comment outside normal business hours. (Reporting by Sarah N. Lynch in Washington and April Joyner in New York; Editing by Lisa Shumaker and Rosalba O’Brien)Likes

Read Full Article Here

If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

NYOOOZ FRIEND

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.

Related Articles