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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...
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US Secretary of State Marco Rubio called Pakistan Prime Minister Shehbaz Sharif to discuss promoting “a durable peace between Israel and Iran,” the State Department said in a statement, according to Reuters. Both leaders "agreed to continue working together to strengthen Pakistan-US relations, particularly to increase trade", said a statement released by the Pakistan government.…
ContinuePosted by Riaz Haq on June 27, 2025 at 8:30pm — 3 Comments
Pakistan imported an estimated 1.25 gigawatt-hours (GWh) of lithium-ion battery packs in 2024 and another 400 megawatt-hours (MWh) in the first two months of 2025, according to a research report by the Institute of Energy Economics and Financial Analysis (IEEFA). The report projects these imports to reach 8.75 gigawatt-hours (GWh) by 2030. Using …
ContinuePosted by Riaz Haq on June 14, 2025 at 10:30am — 3 Comments
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