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Trump Says 'Looking' at Exemption for Apple on...>

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US: Trump Says 'Looking' at Exemption for Apple on China Tariffs (BBG)
- U.S. President Donald Trump, touring an Apple Inc. assembly plant in Texas,
said he's "looking at" exempting the iPhone maker from tariffs on goods imported
from China. Trump made the remarks Wednesday alongside Apple Chief Executive
Officer Tim Cook at a Flex Inc. facility in Austin, Texas, that is manufacturing
Apple's new Mac Pro desktop computer. Trump repeated previous comments he's made
that it isn't fair for Apple to be taxed on iPhones built in China given that
South Korean rival Samsung Electronics Co. doesn't have to pay the China import
duties. "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."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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