Apple CEO Tim Cook doesn’t expect a full-blown trade war between the U.S. and China

“Tim Cook doesn’t think tariffs are going to make your iPhone more expensive. The Apple CEO said Monday he didn’t expect a full-blown trade war to break out and dismissed the notion that the company’s flagship device would be subject to tariffs,” Julia Horowitz reports for CNN Tech. “‘I don’t think the iPhone will get a tariff on it,’ Cook told CNN’s Laurie Segall in an exclusive TV interview.”

“Cook, who visited President Donald Trump to discuss trade in April, also said he was ‘very optimistic’ that the United States would not escalate its trade fight with other countries, adding that ‘no one will win from that,'” Horowitz reports. “The Apple CEO’s remarks come as the United States stokes trade tensions on multiple fronts.”

“Early last week, the Trump administration said it will move forward with $50 billion worth of tariffs on Chinese goods as punishment for intellectual property theft. China has pledged to retaliate with $50 billion in tariffs of its own on items like cars, planes and soybeans,” Horowitz reports. “So far, countries have not threatened duties on Apple’s smartphone directly. And since the iPhone is imported to America as a finished product, Apple does not have to worry about US tariffs on many Chinese components, according to Virginia Howard, a supply chain analyst at Gartner.”

Read more in the full article here.

MacDailyNews Take: This is the “Tempest in a Teapot” decade.

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SEE ALSO:
President Trump and Apple CEO Cook meet at White House with trade the focus – April 25, 2018
Apple CEO Cook to meet with President Trump – April 25, 2018
Why Apple stock can withstand a Chinese trade war – April 5, 2018
Apple CEO Tim Cook heads to China as President Trump orders 25 percent tariffs on up to $60 billion in Chinese imports – March 23, 2018
BoA Merrill Lynch: Apple is prepping a ‘foldable’ iPhone; U.S. and China trade tensions not an issue for Apple – March 23, 2018
Designed in California. Assembled in China. How Apple’s iPhone skews U.S. trade deficit – March 21, 2018
President Trump blocks Broadcom-Qualcomm deal over China concerns – March 13, 2018
Elon Musk sides with President Trump on trade with China – March 8, 2018
Analyst: President Trump’s tariff impact on Apple would be just a ’rounding error’ – March 7, 2018
Apple and other tech firms caught in crossfire as U.S.-China trade war looms – March 7, 2018
Apple Macs caught up in President Trump’s aluminum tariff plan – March 2, 2018

4 Comments

    1. No one with any *sense* wants a trade war. I don’t know of anyone that is “praying” for one. I believe that this is a case in which you are projecting your sordid mindset on others because it is what *you* would do to gain political advantage at any cost. Some people actually care about the welfare of this country and the rest of the world more than stupid partisan political power plays and personal aggrandizement.

      Getting back to your narrative, it is unclear it Trump has any sense, in this regard. He claims that trade wars are “easy to win” and that the U.S. has “nothing to lose.” Perhaps that is just his normal negotiating spewage or, perhaps, that is simply another example where Trump says half-a-dozen different things and then later decides which one he actually meant – whichever one is to his advantage, of course, and makes him look better. Because that is all that counts to him.

      1. “I believe that this is a case in which you are projecting your sordid mindset on others because it is what *you* would do to gain political advantage at any cost.”

        You have to be a pretty big idiot to project on someone while claiming they are doing it.

        And you have to be an even bigger idiot to act like the Democrats wouldn’t seize ASAP on any bad economic news as proof of poor trade negotiations.

        So take your petty uninformed argument elsewhere. You lost all (unregistered) credibility as soon as you flew the “Some people actually care about the welfare of this country and the rest of the world more than stupid partisan political power” flag unless you call Obama’s Iran deal, Clinton’s uranium bye-off, Kerry’s meddling and the entire Mueller (still got no evidence) investigation your idea of “bettering the welfare of this country”.

        The only thing Democrats have done lately to “better our welfare” is to pump billions more into food stamps instead of creating jobs.

        Fucking moron.

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