Apple CEO warns Trump about China tariffs, Samsung competition

Cook meets Trump explains how iPhone tariffs help'very good competitor Samsung

Cook meets Trump explains how iPhone tariffs help'very good competitor Samsung

It seems, however, that he might be willing to yield some ground if those decisions actually put big United States companies at a awful disadvantage. That is practically the image painted by Trump's statements, saying that Apple CEO Tim Cook made a very compelling argument on how the upcoming 10% tariff could adversely affect its competition with Samsung who isn't affected by such tariffs at all.

"I had a very good meeting with Tim Cook", Trump told reporters Sunday. Tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, are scheduled to go into effect in two stages on September 1 and December 15. The latter batch includes iPhones due to launch next month. Apple would be hit by new tariffs set to come into effect September 1 because its products are largely made in China, while Samsung would avoid such a hit thanks to its manufacturing taking place mostly in Vietnam, India, Indonesia and other countries.

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Apple needs to incorporate the cost of tariffs into the cost of goods, while Samsung now won't, putting Apple at a competitive disadvantage.

As reported by Bloomberg, Cook met Trump over dinner and discussed his concerns. "And one of the things, and he made a good case, is that Samsung is their number one competitor, and Samsung is not paying tariffs because they're based in South Korea". The South Korean company also enjoys having no tariffs on products imported from China. Apple has been asking for an exception to the tariffs and, if Trump is indeed convinced, it could get that privileged status.

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