logo-loader

Apple Inc's grumbling may force a rethink on US tariffs on Chinese imports

Published: 17:27 19 Aug 2019 AEST

Apple monitor
Of course, Apple could avoid the tariffs by making its devices somewhere other than China

Donald Trump said he might rethink US tariffs on Chinese imports after Apple Inc (NASDAQ:AAPL) boss, Tim Cook, bent his ear on the subject.

The US president said that Cook “made a good case” that the tariffs could hurt the massively profitable US consumer electronics company.

Apple's major rival, Samsung, would not be subject to the same tariffs on many of the components it uses in its devices.

The US is set to introduce additional tariffs on US$300bn worth of Chinese goods in two phases: one starting on 1 September and the other on 15 December.

“I thought he made a very compelling argument, so I’m thinking about it,” Trump told reporters.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

11 hours, 10 minutes ago