US GOVT WON’T IMPOSE TARIFFS ON IPHONES MADE IN CHINA
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President Donald Trump told Apple Inc Chief Executive Tim Cook that the US government would not levy tariffs on iPhones assembled in China, the New York Times reported on 18 June, citing a source familiar with the negotiations.
Apple and the White House were not immediately available for comment.The newspaper reported that Cook travelled to the White House last month to warn Trump of the potentially adverse effects of Trump’s trade policies on Apple in China but did not specify precisely when Trump made the commitment to Cook.
A list of tariffs proposed in April largely excluded consumer electronics. But last week, Trump unveiled a revised list that included several categories of chips, raising fears that tariffs could impact the US technology sector.