The Global Social Network
President Donald Trump said on Sunday that he had spoken with Apple Inc’s Chief Executive Tim Cook about the impact of U.S. tariffs on Chinese imports as well as competition from South Korean company Samsung Electronics Co Ltd.
Trump said Cook “made a good case” that tariffs could hurt Apple, given that Samsung’s products would not be subject to those same tariffs.
Tariffs on an additional $300 billion (247 billion pounds) worth of Chinese goods, including consumer electronics, are scheduled to go into effect in two stages on Sept. 1 and Dec. 15. By contrast, the United States and South Korea struck a trade agreement last September.
“I thought he made a very compelling argument, so I’m thinking about it,” Trump said of Cook, speaking with reporters at a New Jersey airport.
U.S. stock futures rose upon opening on Sunday after Trump’s comments. In addition to his comments on Apple, Trump said on Twitter earlier in the day that his administration was “doing very well with China.”
Apple’s MacBook laptops and iPhones would not face the additional tariffs until Dec. 15, but some of the company’s other products, including its AirPods, Apple Watch and HomePod, would be subject to the levies on Sept. 1.
Apple was not immediately available for comment outside normal business hours.
https://onlineindus.com/english/Apple-CEO-warns-Trump-about-China-t...
South Asia Investor Review
Investor Information Blog
Haq's Musings
Riaz Haq's Current Affairs Blog
Most countries in the world today borrow money from various sources to finance their budget deficits. So do India and Pakistan. So why is it that only Pakistan's borrowing money gets labeled "begging"? Is it not begging when India borrows a lot more money than does Pakistan? Or is it that only borrowing money from the IMF qualifies as "begging"? Let's look into this double standard. Currently, India's public debt to GDP ratio is 80% while Pakistan's is about 74%. India's private debt to GDP…
ContinueRecent data shows that there are nearly 10,000 Pakistani students attending colleges and universities in Germany. This figure is second only to the United Kingdom which issued over 35,000 student visas to Pakistanis in 2024. The second most popular destination for Pakistani students is Australia which is hosting nearly 24,000 students from Pakistan as of 2023, according to the ICEF…
ContinuePosted by Riaz Haq on July 15, 2025 at 9:00am
© 2025 Created by Riaz Haq.
Powered by
You need to be a member of PakAlumni Worldwide: The Global Social Network to add comments!
Join PakAlumni Worldwide: The Global Social Network