Apple CEO Warns Trump about China Tariffs, Samsung Competition

Trump Says Apple’s Cook Concerned About Losing Edge to Samsung With Tariffs

Apple CEO Tim Cook warns Trump about China tariffs, Samsung competition

-China trade row. It is also based in South Korea, which shares a free trade agreement with the U.S. "I thought he made a very compelling argument, so I'm thinking about it", Trump told reporters. That means their tariff impact will be far less than the impact to Cupertino, California-based Apple. Apple will be hit, along with other retail products like clothing.

Products in the categories exempt from the tariffs are critical to the USA consumer market, especially during the huge Christmas shopping season. Tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, are scheduled to go into effect in two stages on September 1 and December 15.

Although that in itself maybe impossible for Apple in its current state of business, the company pushed by the US-China Trade war has been looking to move some of its production outside of China.

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According to Ives, Apple's costs could soar higher if the Trump administration follows through with a plan to add an additional $325 billion in tariffs to Chinese goods.

"I have a lot of respect for Tim Cook". He said more tariffs will hurt Apple's "global competitiveness".

"We urge the USA government not to impose tariffs on these products", said Cook.

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Speaking earlier on Sunday, National Economic Council director Larry Kudlow said the Commerce department would extend the Huawei licensing process for three months as a gesture of "good faith" amid broader trade negotiations with China.

Prior to the meeting, Apple touted that it employs 90,000 employees in the US directly and that it works with businesses to support 2.4 million jobs in the U.S.

"A USA tariff would, therefore, tilt the playing field in favour of our global competitors".

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