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Free AccessTrump Says 'Looking' at Exemption for Apple on...>
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."
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.