Washington: US-smartphone giant Apple Inc. CEO Tim Cook said the new US tariffs on Chinese goods would hurt Iphone sales and bolster South Korean-rival Samsung’s smartphone sales in the US market, according to US President Donald Trump.
Trump revealed that he had spoken to the Apple CEO and that the tech-giant’s chief “made a good case” that the new tariffs on Chinese goods would cause the price of products like the Iphone to increase and give a significant advantage to South Korea-based Samsung smartphones in the US market.
Samsung products wouldn’t be subject to any increased tariffs as the US and South Korea signed a trade agreement last year.
Earlier this month, Trump announced he would tag another batch of Chinese goods worth $300 billion with a ten percent tariff hike starting on September 1.
The list originally would’ve included Macbook laptops and Iphones, but Trump administration officials stated that popular electronic products would be off the list until December 15 so as to not burden American shoppers with price hikes during the important Christmas retail season.
However, other popular Apple products manufactured in China like Airpods, Apple Watches and Homepods will be included in the list of products subject to tariff hikes starting on September 1.