President Trump was able to have a word with Apple Inc’s executive Tim Cook about the current issue with the US tariffs on Chinese imports as well as competition from South Korean company, Samsung Electronics Co Ltd.
The tariff would not affect Samsung products but will be able to ‘hurt’ Apple. Scheduled on a two-stage process, the tariffs on an additional $300 billion worth of Chinese goods is set to include electronic devices will take effect.
Not long ago, the US and South Korea made an agreement regarding how their trade process would flow.
At New Jersey airport, reporters were able to get a statement from the President. Trump noted that Cook might have made a very compelling argument, so right now, he is thinking about the conversation about the matter at hand.
In addition to his comments on Apple, the President also tweeted on Twitter earlier that day saying that his administration was “doing very well with China.”
Apple might face additional tariffs with their products that are subjected to levies on September 1, including its Airpods, Apple Watch, and HomePod. However, other products like Macbook laptops and iPhones are not affected by the tariff until December 15.
The tariff would highly affect the sales of the company, thus impaling them to a slow market when referring to its products that are already subjected to levies on September 1. The sales for the MacBook laptop and iPhone, however, does not change since the products are not yet subjected to any form of tariffs.
Many Chinese companies and US companies are affected by the current issue that President Trump is having with China. Their trade flow has been limited, and even tariffs have been placed to control the imports of goods by increasing its price, thus making them less attractive to domestic customers.