Trump says Apple is concerned about losing edge to Samsung Electronics due to tariffs

Trump says Apple is concerned about losing edge to Samsung Electronics due to tariffs

U.S. President Donald Trump held talks with
Apple’s CEO. After the session the commander in chief told
reporters that Tim Cook voiced concerns about the impact of tariffs on Chinese imports and
losing competitiveness against Samsung Electronics. Kim Hyesung shares with us what was discussed. U.S. President Trump said Apple’s CEO Tim
Cook made a strong case about the difficulty competing with Samsung Electronics if Apple’s
products are subject to import tariffs. “…one of the things that he made a good
case is that Samsung is their number one competitor and Samsung is not paying tariffs because
they’re based in South Korea and it’s tough for Apple to pay tariffs if they’re competing
with a very good company that’s not… And I thought he made a very compelling argument
so I’m thinking about it.” Tariffs on an additional 300 billion U.S.
dollars of Chinese imports, including Apple’s consumer electronics goods, are scheduled
to go into effect later this year. Tariffs on iPhones and Apple’s MacBook laptops
have been pushed back to December 15th to accommodate the holiday shopping season but
the levies on the Apple Watch and other accessories are still planned for September 1st. Apple will be hit by tariffs as it assembles
the majority of its products in China before importing them to the U.S.
Samsung Electronics, on the other hand, has a more diversified supply chain, with much
of its manufacturing located in South Korea and Vietnam as well as China, meaning the
tariffs will have far less of an impact than they will on Apple. “Tim Cook’s intention is to exempt Apple from
the 10 percent tariffs on Chinese imports. Samsung Electronics won’t be hit hard as the
WTO’s Information Technology Agreement keeps smartphones and laptops produced in countries
like Vietnam free of tariffs. Trump is unpredictable, he may give Apple
a tariff exemption or even look into imposing new tariffs on goods imported from Vietnam
or India.” Late last month, Trump had openly refused
to exempt Apple from the previous rounds of tariffs on Chinese imports via tweet, saying
that Apple could avoid them by shifting production back to the U.S. Given the slight change in tone, it remains
to be seen whether the Trump Administration will come up with some policy measures to
protect Apple. Kim Hyesung, Arirang News.


6 thoughts on “Trump says Apple is concerned about losing edge to Samsung Electronics due to tariffs”

  • Apples garbage. Can't even replace your battery so they control you peeps. Aaaa maybe some people need to be told to purchase don't repair. Well ok keep buying them fool ?????????????
    CD/ duhhhhhhh!!!!!*

  • Western Post Colonial Oppression Still Exists. They've been destroying countries for over 500 years.
    White Supremacists Exist in the Masses. People all Over Still Suffer.
    Malcolm X – "How the White Man Taught You How To Hate Yourself And Your People"

  • As everything else in all industries, if US, Japan and Germany make sure no engineers get head hunted by Korean companies, there are nothing to be concerned.

  • priabernamadimas says:

    Apple be user friendly… Allow us to changes our battery easily, hearing music without dongles ( at least it included in) long lasting cable

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