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President Donald Trump said on Sunday that he had spoken with Apple Inc’s Chief Executive Tim Cook about the impact of U.S. 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 (247 billion pounds) worth of Chinese goods, including consumer electronics, are scheduled to go into effect in two stages on Sept. 1 and Dec. 15. By contrast, the United States and South Korea struck a trade agreement last September.
“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.
U.S. stock futures rose upon opening on Sunday after Trump’s comments. In addition to his comments on Apple, Trump said on Twitter earlier in the day that his administration was “doing very well with China.”
Apple’s MacBook laptops and iPhones would not face the additional tariffs until Dec. 15, but some of the company’s other products, including its AirPods, Apple Watch and HomePod, would be subject to the levies on Sept. 1.
Apple was not immediately available for comment outside normal business hours.
https://onlineindus.com/english/Apple-CEO-warns-Trump-about-China-t...
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Pakistani student enrollment in America's institutions of higher learning rose 16% last year, outpacing the record 12% growth in the number of international students hosted by the country. This puts Pakistan among eight sources in the top 20 countries with the largest increases in US enrollment. India saw the biggest increase at 35%, followed by Ghana 32%, Bangladesh and…
ContinuePosted by Riaz Haq on April 1, 2024 at 5:00pm
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ContinuePosted by Riaz Haq on March 29, 2024 at 8:00pm
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