“It is widely expected that the upcoming $325B in tariffs on goods imported from China will impact Apple products. We have a different view,” Gene Munster and Will Thompson write for Loup Ventures. “We believe that little is known about the specifics and that ultimately Apple products will be spared from any tariff increases.”

“The reason we believe Apple will be spared is based on our belief that Trump sees Apple as a symbol of American strength and, separately, he has a favorable relationship with Tim Cook that he is interested in maintaining,” Munster and Thompson write. “”

“If we’re wrong and Apple products are included in the tariffs, we think Apple would bear the increased cost in the near-term (six months),” Munster and Thompson write. “Beyond six months, we expect Apple would share the increased cost with the consumer. However, we stress that this illustrates the worst case scenario, and we believe Apple will be spared from the additional tariffs.”

Read more in the full article here.

MacDailyNews Take:

Everything is negotiable. Whether or not the negotiation is easy is another thing. — Carrie Fisher

My style of deal-making is quite simple and straightforward. I aim very high, and then I just keep pushing and pushing and pushing to get what I’m after. Sometimes I settle for less than I sought, but in most cases I still end up with what I want. — Donald Trump

Let us never negotiate out of fear. But let us never fear to negotiate. ― John Fitzgerald Kennedy

On that note, interns, TTK!

Prost!

Apple CEO Tim Cook and U.S. President Donald Trump at tech summit in June

Apple CEO Tim Cook and U.S. President Donald Trump at tech summit in June 2017

SEE ALSO:
Apple shares drop 7% this week on fears China trade turmoil threatens iPhone sales – May 10, 2019
Apple’s iOS 13 rumored to drop support for iPhone 6, iPhone SE and iPhone 5s – May 10, 2019
Apple not yet hurt by China tariffs, likely to simply absorb the added cost – May 10, 2019
Apple temporarily escapes new tariffs as U.S.-China trade war escalates – May 10, 2019
Dow futures fall after President Trump tweets ‘absolutely no need to rush’ on China trade deal – May 10, 2019
China overplayed its hand with U.S. President Trump on trade, and it could cost them dearly – May 9, 2019
Apple CEO Tim Cook optimistic about U.S.-China trade talks – February 12, 2019
President Trump says U.S. doing well in trade negotiations with China – January 23, 2019
China’s 2018 growth slows to 28-year low, more stimulus seen – January 22, 2019
Apple CEO Tim Cook: I’m very optimistic about U.S.-China trade talks – January 8, 2019
Advisor to President Trump: Apple’s sales should pick up when U.S.-China strike trade deal – January 3, 2019