Trump thinking about whether Apple needs to be exempt from China tariffs

Trump thinking about whether Apple needs to be exempt from China tariffs

AUSTIN, Texas (Reuters) – President Donald Trump stated on Wednesday after touring a plant that puts together Apple Inc ( AAPL.O) computers that he was considering whether to exempt the U.S. business from tariffs on imports from China.

” We’re looking at that,” Trump stated in response to a press reporter’s question about the tariffs, after visiting a plant in Austin, Texas, with Apple Chief Executive Tim Cook that puts together the company’s Mac Pro desktop computer systems.

Cook, who has a strong relationship with Trump, has actually sought relief for Apple from the U.S. tariffs, which become part of a months-long tit-for-tat trade war in between the world’s largest economies.

” The issue we have is you have Samsung. It’s a great business but it’s a competitor of Apple, and it’s not fair if, due to the fact that we have a trade handle Korea – we made a great trade offer with South Korea – however we need to treat Apple on a rather comparable basis as we treat Samsung,” Trump stated.

Apple revealed in September it would make its brand-new Mac Pro computers in Austin. The announcement came days after U.S. trade regulators approved 10 out of 15 ask for tariff exemptions submitted by Apple amidst a broader reprieve on levies on computer system parts.

Earlier this month, Apple also asked the Trump administration to waive tariffs on Chinese-made Apple Watches, iPhone components and other customer items.

Trump has made improving the U.S. manufacturing sector among the objectives of his presidency, requiring to Twitter to press U.S. business into keeping tasks at home.

Earlier on Wednesday, Apple said it had begun building and construction of a new campus in Austin that will use 5,000 workers, with the capacity to grow to 15,000 It is anticipated to open in2022

Reporting by Steve Holland; Composing by Eric Beech; Modifying by Sandra Maler and Leslie Adler

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