Tim Cook: US tariffs on Chinese imports will cause Apple to suffer huge losses, Samsung 'favorable fishermen'

In the latest statement from the White House, many technology products originating or assembled in China, including AirPods, Apple Watch and HomePod, will not be included in the list of tax reductions by the General Trump administration. temporarily, and will face a tax of up to 10% on September 1 here. This decision by Washington authorities has made the heads of Cupertino unable to "be as calm as they are".

1. Smartphones, laptops and smart wearables are about to be added with taxes, Apple, Amazon, Google like sitting on a fire

Tim Cook: US tariffs on Chinese imports will cause Apple to suffer huge losses, Samsung 'favorable fishermen' Picture 1 AirPods, Apple Watch will be products subject to 10% tariff on September 1

Just a few days after the announcement was made, US President Donald Trump said he had a meeting and talked frankly with Apple CEO, CEO Tim Cook about all impacts both positive and negative. extreme from the new US tariff on imports from China, in which there are many products that are bringing big revenue for Apple, in the context of difficult sales of iPhone. , as well as fierce competition from Samsung, Apple's main rival on all the "fronts" today.

During the meeting, CEO Tim Cook repeatedly expressed concern to Mr. Trump that the new tariff may cause Apple to suffer serious losses, while products from rival Samsung are not subject to the same tax. , leading to the fact that Apples may lose market share to Korean manufacturers. New tariffs on Chinese goods worth more than US $ 300 billion, mainly include personal consumer electronics products and devices such as smart watches, health monitors, smart speakers and ears. Bluetooth listening, is expected to begin to take effect in 2 stages: On September 1 and December 15 this year.

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Tim Cook: US tariffs on Chinese imports will cause Apple to suffer huge losses, Samsung 'favorable fishermen' Picture 2 CEO Tim Cook expressed concern to Mr. Trump that the new tariff could make Apple suffer serious losses

Meanwhile, the United States and South Korea signed a trade deal in September last year to enable Korean technology products to "land" more aggressively into the US market.

'Tim Cook has raised the issue and made the same arguments closely, which made me really think more about the tax issue,' Mr. Trump said in a quick interview at New Airport. Jersey last August 18.

1. IPhone users tend to switch to Samsung smartphones

The new tariff is said to be a policy designed to retaliate against China's decision to stop importing agricultural products from the US Department of Commerce. After a short time of cooling down, trade tension between the US and China is showing signs of increasing again after the difficult conflicts. And right after the announcement of the White House leader was announced, the US stock market simultaneously turned green after the trading session last Sunday.

Apple notebooks, tablets and smartphones will not face additional taxes until December 15, while another strategic product, including AirPods, Apple Watch and HomePod, It will be taxed from September 1. It is said to be Apple 'savior' products before the iPhone's poor business situation for nearly a year, especially in large markets like China. and Europe.

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Tim Cook: US tariffs on Chinese imports will cause Apple to suffer huge losses, Samsung 'favorable fishermen' Picture 3 The iPhone's weak digital business makes Apple suffer great losses

The drop in iPhone sales has been offset by a 50% increase in smart wearables, including Apple Watch and AirPods, helping Apple to suppress all negative estimates from Wall Street and make ancient value votes increased again. However, the new tariff will make Apple continue to face numerous difficulties.