News Article

Trump says Apple CEO Tim Cook concerned about Samsung getting an edge

Donald Trump said Apple’s CEO Tim Cook expressed his concern at Samsung Electronic’s, their leading rival since his products would not be susceptible to tariffs, unlike Apple’s, when Cook and Trump were transported into the U.S. on Friday evening, and the Chairman was at its golf club in Bedminster, New Jersey. Trump told journalists that he was preparing to return to Washington.

In the next weeks or months, the majority of Apple’s products will receive 10 per cent tariffs. Tickets on the iPhone, iPad and Apple laptops have been reversed to the 15th of December, but tariff hits are still scheduled for Apple Watch, AirPods and many props.

Trump said Cook created a “strong situation” for the challenge of negotiating with Samsung if products of Apple are susceptible to import tariffs. Tariffs will strike Apple because it produces most of its equipment in China before being imported into the US and other areas of the globe.

However, Samsung develops its products across several nations, including, China, Vietnam and South Korea. That implies that their price effect is much lower than that for Cupertino, Apple, based in California.

“It is difficult for Apple to pay tariffs if it competes with a great company that isn’t,” said Trump.

Apple must include the expense of tariffs in the price of products, whereas Samsung is not, placing Apple at a commercial disadvantage. Samsung is starting its recent phone, Note 10, earlier this month, while for future this year Apple plans to upgrade its Apple Watch, iPhone and its pcs.

 

CIMB Bank - Best exchange rate SG > MY

Login to your account below

Fill the forms bellow to register

Retrieve your password

Please enter your username or email address to reset your password.