Trump trade adviser doesn’t know about an iPhone trade exemption


  • TECH Premium
  • Wednesday, 20 Jun 2018

A customer touches the screen of the new iPhone X at the Apple Store Union Square on November 3, 2017, in San Francisco, California. Apple's flagship iPhone X hits stores around the world as the company predicts bumper sales despite the handset's eye-watering price tag, and celebrates a surge in profits. / AFP PHOTO / Elijah Nouvelage

Peter Navarro, a top trade adviser to US President Donald Trump, said he’s unaware of any tariff exemption for Apple Inc’s iPhone in the growing trade spat with China. 

For months, the US and China have been sparring over tariffs on goods exported from China to the US and vice versa. Apple, which hires companies in China to assemble the iPhone, has thus far avoided any tariffs. On June 18, The New York Times reported that Trump told Tim Cook, Apple’s chief executive officer, that the US would not place tariffs on iPhones. 

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Tech News

Crypto money laundering rises 30% in 2021 -Chainalysis Premium
Microsoft pledges more clarity over UK Xbox subscriptions - regulator Premium
Thailand to soon provide guidelines for improved crypto tax - Finance Minister Premium
EU proposes digital rights, principles in global first Premium
Microsoft cloud growth forecast bodes well for tech rivals, too Premium
Intel scores major win as court scraps $1.2 billion EU antitrust fine Premium
China restricts activists' social media ahead of Olympics Premium
UK's Playtech's shares slip after report of potential breakup Premium
Crypto exchange FTX US valued at $8 billion as first fundraise draws SoftBank, Temasek Premium
CMC Markets says client money in third quarter close to record highs Premium

Others Also Read


Vouchers