The new wave of tariffs which could go into effect from August 1, is likely to cover consumer electronics, including smartphones and tablets.
With U.S. President Donald Trump deliberating whether to make good on his threat to impose tariffs on the remaining un-tariffed Chinese exports to the United States, Trump met Apple’s CEO Tim Cook to discuss trade and other pressing issues facing the company.
Trump’s meeting with Cook was disclosed by Ivanka Trump, his daughter, who has been also appointed as his adviser.
Incidentally, Cook is a frequent visitor to the White House and has worked earlier with Ivanka on her job training and education initiatives. Trump often names Cook as the business leader who has brought jobs and investment back to the United States.
According to White House spokesman Judd Deere, Trump spoke with Cook about “trade, U.S. investment, immigration and privacy”.
Apple’s spokesperson could not be immediately reached for comment.
Trump has let it be known that he will take a call on the proposed increase in tariffs after the G20 summit in Osaka, Japan which is set to happen towards the end of this month, where he hopes to meet with Chinese President Xi Jinping.
Trump is aiming to use tariffs as a tool to change China’s market distorting trade practices. So far, consumer electronics makers, such as those who make smartphones and tablets have escaped the brunt of tariffs, but they could feel the effect of tariffs in the next hike.