After US President Donald Trump’s decision to stop some excessive tariffs, which he put earlier today, Talked to the press In the White House, provided some more comments that can be positive for Apple.
Asked if he would consider exempting some American companies from tariffs in future, Trump said he would do it. “As time passes, we are going to take a look at it,” he said. He said, “There are some that become a little harder than the company’s nature, and we will take a look at him,” he said, claiming that he would “show a little flexibility.”
During Trump’s first term, Apple CEO Tim Cook was able to convince Trump to free Trump from the tariff that Trump put in place, but Cook has not succeeded this time. Trump has not yet agreed to bring any companies to the tariff again.
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Trump on Wednesday announced an unexpected high tariff, sent a splening down to the stock market and dropped Apple’s shares close to 20 percent. The damage continued till today when temporary stagnation was announced, and the market closed back with apple stock at around $ 200 per share at $ 172.
Trump announced a 90-day stagnation on all of all special “mutual” tariffs, which were 46 percent tariffs on Vietnam and 32 percent tariffs on Taiwan. The 90-day stagnation does not apply to goods from China, and 10 percent is Aadhaar tariff, while high tariffs are on hold. Trump increased the tariff on China up to 125 percent, immediately effective, and said that he held the other tariffs because “people were decreasing slightly”.
While talking to the press, Trump reiterated his purpose of bringing manufacturing to the United States, and claimed that the apple “building” in China is unstable.
If you look at Apple, Apple is going to build a plant of $ 500 billion. If I do not do this, they do not do so. They will only keep them in China. And it is unstable.
While Apple is actually investing in the United States to create the Apple Intelligence server in a feature in Houston, Texas, the wholesale of device manufacture will be abroad. It is not possible for Apple to transfer its incredibly complex supply chain to the US due to lack of skilled workers in cost and advanced manufacturing.
Apple will need to pay 125 percent tariffs on all goods coming from China to the United States, but it can import equipment at a rate of 10 percent from other countries like India, Taiwan and Vietnam.
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