((Hill– Tim Cook, CEO of Apple, said that President Donald Trump’s tariff can wear the company’s profits in the second quarter during Thursday Profit call.
“For June quarter, we cannot accurately appreciate the impact of definitions, because we are not sure of possible future procedures before the end of the quarter,” Cook told the attendees.
“However, for some colors, assuming that the current global tariff rates and policies and applications are not changed to a quarter balance and no new tariff is added, we can influence 900 million dollars to our costs,” he added.
The president imposed a 145 percent tariff on China, where most Apple products are made. However, Trump Partially exempt Electronics such as smartphones and computers from the new Mutual duty On imports.
Democrats they have The motivation asked Behind this step, which would let some sector companies pay more than others.
Cook said, despite the potential rise in costs, Apple has “some unique factors” that will benefit the quarter of June. The leader of the industry was discovered with Trump several times after winning in November and sitting closely behind during the opening.
But despite the emerging relationship between Cook and the president and the Apple product exempting from the definitions, Trump said that no one would be allowed.Off the hook“From the drawings.
The President wrote in a social publication in fact: “These products are subject to the current 19 -centimeter definitions, and they are only transferred to a different” bucket “.
He added: “We take a look at the semiconductors and the full supply chain of electronics in the upcoming national security tariff investigations.”
Cook said that the company will remain a great competitor, regardless of what may appear on the market.
“On our part, we will always manage the company that we always have, with deliberate and deliberate decisions, focusing on the long -term investment, dedication to innovation and the possibilities it creates,” Cook said in a call on Thursday.
“While we look at the future, we are still confident. We are confident that we will continue to build the best products and services in the world. We are confident of our ability to innovate and enrich the lives of our users. I am sure we can continue to manage our business in a way that is always distinguished by Apple.”