Tim Cook and President of the United States of America Donald Trump They met for dinner yesterday. The US president announced this on Twitter, and although the details of their meeting are not yet known, it is very likely that one of the main topics was trade and the current disagreements with the Chinese government.
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Recently, Cook warned against imposing tariffs on various products. According to him, these could lead to lower economic growth: “The trade relationships and agreements that the United States has with other major economies are very complex, and it is clear that some of them need to be modernized. But we believe that tariffs are not the right solution in the vast majority of cases."
Tim Cook has met with Donald Trump several times.
Team Cook was certainly referring to the announcement according to which the duty was imposed on Apple Watch, as goods imported from China to the US. If this regulation enters into force, on Apple Watch a 10% import tariff will be imposed. In addition, reciprocal tariffs on American and Chinese goods would make it more expensive to produce products Applu and as a result he would only pay for these decisionsonecustomer. It can therefore be assumed that this topic will also be discussed at dinner Cook they talked to Trump because it is logical that this would reduce profits Applu, i.e. an American company, and the result would be counterproductive.
Apple has an unenviable position in this trade war between the United States and China. It is an American company, but most of its products are manufactured in China. That is why it is terrible that the tariffs will affect its products twice - on the American and Chinese markets.
