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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
  • Popular Post

Tim Apple knows how to play the president.

  • Popular Post
35 minutes ago, mtls2005 said:

Tim Apple knows how to play the president.

Who doesn’t, massage his bloated ego and send him a beautiful letter and he’ll do whatever you want. 
 

Or in Putin’s case, get him elected...he’ll bark like a dog then and trust you more than his own intelligence gathering agencies. 

  • Popular Post
49 minutes ago, webfact said:

but we have to treat Apple on a somewhat similar basis as we treat Samsung," Trump said.

So also Dell and HP will be exempt?

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

  • Popular Post
1 hour ago, JHolmesJr said:

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

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

  • Popular Post

He's desperately trying to pump Apple's stock price. That is all this tub of lard cares about.

2 hours ago, Bluespunk said:

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


The irony. 

58 minutes ago, Thainesss said:


The irony. 

Indeed...

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.

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

  • Popular Post
3 hours ago, car720 said:

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

How about a simple

 

Thank you Mr President.

  • Popular Post

He is all bark and no bit. In the end, he will relent with minimum changes but will herald as major breakthrough. Just like NAFTA and the new USMCA, there were practically little change and still not ratified by Congress.

  • Popular Post
51 minutes ago, JHolmesJr said:

How about a simple

 

Thank you Mr President.

For what?

He didnt do anything. Only considering.

 

Some people are easily pleased, and fooled.

Cook, who has a strong relationship with Trump,...

Sounds like nepotism.
What does one not do everything, for his friends.
I would not be surprised if the nights and meetings of Apple employees at Trump's hotels would rise.

What about the other hundreds of US companies manufacturing in China?

  • Popular Post
1 hour ago, JHolmesJr said:

How about a simple

 

Thank you Mr President.

Well, if by Mr. President you mean Obama, then you have a point. The facility began operations in 2013.

Now I know why apple was not pulling all the trump propaganda like Twitter trump needs it 

  • Popular Post

Incredible anyone listens to dotard these days

8 hours ago, Redline said:

Incredible anyone listens to dotard these days

People don't. Algorithms in the stock market do. And that's who he is talking to every morning just before the market opens.

  • Popular Post
On 11/21/2019 at 2:36 PM, bristolboy said:

Ya gotta love his ignorance.

This is absolute comedy gold!

Where I come from, we used to say "Grandpa is getting a bit confused"...you know...before Alzheimers and dementia were an actual thing!

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