Monday, November 18, 2019
U.S. President Signals Some Assistance for Apple
Trump May Reduce Tariff Burden on Apple
U.S. President Signals Some Assistance for Apple
  • By Michael Herh
  • August 23, 2019, 10:55
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U.S. President Donald Trump suggests that he would provide some assistance to Apple. 

U.S. President Donald Trump remarked on Aug. 21 that Apple is paying tariffs unlike Samsung Electronics, and he should help Apple for at least some time regarding the issue.

Earlier, on Aug. 18, the president implied the same assistance for Apple as a competitor against Samsung Electronics while describing his recent dinner with CEO Tim Cook. According to the president, the CEO said that Samsung Electronics as its archrival is paying no tariffs in exporting its products to the United States because it is a South Korean company and the fact that Apple is paying tariffs unlike Samsung Electronics is unfair.

Under the circumstances, much attention is being paid to whether the Donald Trump administration will reduce the tariff burden on Apple’s products manufactured in China. AirPods and Apple Watches exported from China to the United States are subject to a 10 percent tariff starting from next month and the same measure is scheduled to be applied to iPhones from Dec. 15.

On the other hand, most of the Samsung mobile phones shipped to the United States are manufactured in Vietnam and India and are free from U.S. tariffs against China. Also likely are the United States’ higher export barriers targeting Samsung Electronics and more pressure for its investment in the United States.