It appears like Apple is gunning for some sweet tariff exemption from the United States for its production. At a supper with President Trump over the weekend, CEO Tim Cook revealed issue that Korean huge Samsung may get an edge over the iPhone maker since it pays less in tariffs.
Trump stated Cook made a great argument about taking on Samsung if the iPhone maker needed to pay tariffs:
I believed he made a really engaging argument. It is difficult for Apple to pay tariffs if it’s taking on a great business that’s not.
In July, he had actually stated Apple will not get any exemption from tariffs if it produces items in China Previously this month, expert Ming-Chi Kuo stated that the business ought to have the ability to soak up any boost brought on by tariffs without affecting consumers.
The business has actually currently taken actions to increase production in India and Vietnam. Kuo stated Apple will have the ability to satisfy the need of iPhones, iPads, and Apple Watches to the United States customers from non-China places as early as next year, however Mac production outside China may take till 2021.
Nevertheless, Trump’s declaration indicates Apple may escape from additional production expenses. Wonder if the rest of Silicon Valley is filling his inbox with supper invites too.