Apple products are amongst the few American company products that have managed to evade or sidestep the tariffs imposed by China on imports of US goods. Howe the tech giant managed to do so was explained by its CEO Tim Cook.
In an interview to a television news channel, Cook said that “it’s not really great for the United States” to tariff Apple products.
Some of the Apple3 products that are produced in China were spared at the last minute by administration of United States President Donald Trump and they were excluded from the list of the latest proposed tariffs on import of Chinese products worth $200 billion. Apple Watch, AirPods and a number of other products would be impacted by the import tariffs by the US, Apple had said on an earlier occasion.
“I don’t want to speak for [the Trump administration], but I think they looked at this and said that it’s not really great for the United States to put a tariff on those type of products,” Cook told “Good Morning America.”
Cook is one of those business leaders who have been vocal about the ongoing escalating trade disagreement and spat between the US and China – the two largest e3opcnomies of the world. It is reported that Cook had even spoke directly to Trump about the tariffs imposed by the Trump administration. However, Cook has been saying that there would likely be no tariffs affecting the company’s flagship handset, the iPhone.
“The iPhone is assembled in China, but the parts come from everywhere, including the United States. You know the glass comes from Kentucky; there are chips that come from the U.S. and of course the research and development is all done in the United States,” Cook said.
Eventually an agreement would be arrived at to resolve the ongoing trade disagreement, Cook also said.
“I’m optimistic because trade is one of those things where it’s not a zero sum game. You know you and I can trade something and we can both win. And so I’m optimistic that the two countries will sort this out and life will go on,” Cook said.
(Adapted from CNBC.com)