Apple chief executive Tim Cook has made a case for easing tariffs that could hurt his company’s supply chain to President Donald Trump. The US President said Cook had “made a good case” that tariffs could hit Apple, while failing to dampen rival South Korean rival Samsung, the world’s biggest smartphone maker, whose devices would not be affected. Most of Apple’s iPhone models, its MacBook laptops and Apple Watch are all built in China. Samsung, on the other hand, assembles many of is devices in factories in Vietnam and India, which are not subject to new levies. Apple’s iPhone and its MacBook laptops are not subject to the initial round of tariffs, other devices, such as the Apple Watch, its AirPod headphones and HomePod smart speaker could all be affected by tariffs that come into force from September of up to 10pc on electronic goods. Its iPhone and MacBook could still be hit with levies from December, but were spared from the initial hit following a last minute decision by the US last week. The U-turn saw Apple’s share price rise almost 5pc as it gears up for its major new iPhone XI launch in September. Following a dinner with the Apple boss, President… Read full this story
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