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Trump considering whether Apple should be exempt from China tariffs

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Trump considering whether Apple should be exempt from China tariffs

 

2019-11-21T012033Z_3_LYNXMPEFAJ25M_RTROPTP_4_USA-TRUMP.JPG

FILE PHOTO: U.S. President Donald Trump views Apple products as he tours Apple's Mac Pro manufacturing plant in Austin, Texas, U.S., November 20, 2019. REUTERS/Tom Brenner

 

AUSTIN, Texas (Reuters) - President Donald Trump said on Wednesday after touring a plant that assembles Apple Inc <AAPL.O> computers that he was considering whether to exempt the U.S. company from tariffs on imports from China.

 

"We're looking at that," Trump said in answer to a reporter's question about the tariffs, after touring a plant in Austin, Texas, with Apple Chief Executive Tim Cook that assembles the company's Mac Pro desktop computers.

 

Cook, who has a strong relationship with Trump, has sought relief for Apple from the U.S. tariffs, which are part of a months-long tit-for-tat trade war between the world's largest economies.

 

"The problem we have is you have Samsung. It's a great company but it's a competitor of Apple, and it's not fair if, because we have a trade deal with Korea - we made a great trade deal with South Korea - but we have to treat Apple on a somewhat similar basis as we treat Samsung," Trump said.

 

Apple announced in September it would make its new Mac Pro computers in Austin. The announcement came days after U.S. trade regulators approved 10 out of 15 requests for tariff exemptions filed by Apple amid a broader reprieve on levies on computer parts.

 

Earlier this month, Apple also asked the Trump administration to waive tariffs on Chinese-made Apple Watches, iPhone components and other consumer products.

 

Trump has made boosting the U.S. manufacturing sector one of the goals of his presidency, taking to Twitter to pressure U.S. companies into keeping jobs at home.

 

Earlier on Wednesday, Apple said it had started construction of a new campus in Austin that will employ 5,000 workers, with the capacity to grow to 15,000. It is expected to open in 2022.

 

(Reporting by Steve Holland; Writing by Eric Beech; Editing by Sandra Maler and Leslie Adler)

 

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-- © Copyright Reuters 2019-11-21

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Oh no.....he's doing a quid pro quo...when will he ever learn? 🤣

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I am trying desperately to think of what more can be said about this guy.  :cheesy::cheesy:

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2 hours ago, Bluespunk said:

Learning requires the ability to reflect upon and admit past mistakes...


The irony. 

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5 hours ago, stevenl said:

So also Dell and HP will be exempt?

let the trail of other companies start to follow; so it will be a pointless outcome back to square one.

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I vote YES. My AAPL stock needs more room to run up! Go Tim Apple! 

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