Trump Is Looking Into Tariff Exemptions For Apple


Apple is seeking tariff relief as its main competitor, Samsung, faces no tariffs from South Korea.

President Trump has expressed an interest in making Apple exempt from Chinese tariffs.

At the current moment, Apple faces tariffs for all the goods it imports from China. These goods are usually critical to making Apple products. The announcement to possible exempt the tech company was made while President Trump was touring an Apple assembly plant with Tim Cook, Apple’s CEO.

“The problem we have is you have Samsung -- it’s a great company but it’s a competitor of Apple and it’s not fair if -- because we have a trade deal with Korea, we made a great trade deal with South Korea, but we have to treat Apple on a somewhat similar basis as we treat Samsung,” said Trump.

Although Apple has been made exempt from many tariffs placed on parts needed to make their products, some exemption requests have been denied. Currently, Apple has 11 requests seeking tariff relief for its products, such as the Apple Watch and iMac. More import duties are expected to take effect December `15th.

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Economics, Finance and Investing