Apple CEO Tim Cook on Tariffs: 'We're Hoping Calm Heads Prevail'

by

Apple CEO Tim Cook this afternoon spoke about the tariffs the United States has imposed on goods imported from China, and how Apple might be impacted.

Cook said that while Apple believes the trade agreements the United States has with other major economies are in need of modernization, the company does not think that tariffs are the right approach. "We're sort of encouraging dialogue and so forth," said Cook.

19385 19730 czquuifvqaew02p l

Apple CEO Tim Cook with Donald Trump at the Executive Tech Summit at Trump Tower in December 2016

In terms of the three tariffs that have already been put in place that impact steel, aluminum, and $50B worth of additional goods from China, none of Apple's products have been directly impacted.

A fourth tariff on $200 billion in Chinese goods is out for public comment, and Apple says it is evaluating the tariff and will be sharing its views on it with the administration before the end of the comment period. The original Apple Watch has been named in the latest proposal, alongside devices that include the Fitbit charge and some Sonos speakers. Apple has already discontinued its original Apple Watch and newer Apple Watch models are not impacted.

Cook said that examining tariffs is a "tedious process" because there are factors to consider that include not only revenue, but also purchases being made through other companies unrelated to revenue, such as data centers. Apple plans to share its results at a later date.

According to Cook, the risk associated with a macroeconomic issue like an economic slowdown or currency fluctuation is difficult to quantify, and that's not something Apple is trying to do. Cook said that Apple is "optimistic" that the tariff issue will get sorted out. "There's an inescapability of mutuality between the United States and China," said Cook. "Each country can only prosper if the other does... and the world needs the U.S. to and China to prosper."

Cook said that while he can't predict the future, he's "optimistic" that the countries will get through this. "We're hoping that calm heads prevail," said Cook.

Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

Top Rated Comments

eatrains Avatar
31 months ago

It’s funny that you think Trump is stupid. When you look back at EVERYTHING he had done, it’s very easy to see the calculated and precise moves he makes. When he looks “stupid and impulsive”, you should be looking for the other moves he is making in the background. It’s very interesting. But muh, the media tells me to be mad at Drumpf so I’m going to be mad.

lol.

Can't tell if satire...
Score: 16 Votes (Like | Disagree)
Z400Racer37 Avatar
31 months ago
"We're hoping...... He's not as stupid and impulsive as he is....."
Score: 14 Votes (Like | Disagree)
AgentAnonymous Avatar
31 months ago
As a CEO he is more concerned about short term profits than our national security, which is fine because he is a CEO.

However confronting China's unfair trade practices (one-sided protectionism) and intellectual property theft should be a bipartisan issue, despite the fact that the current administration deserves to be impeached.

China is profitting at our expense, being able to flood our markets with crap pushing local manufacturers out of business, while they refuse to buy most of our products in favor of protecting domestic industries, and while Americans can't even open an icecream stand in Beijing without forming a 51% Chinese 49% American joint venture and giving up all of our intellectual property.
Score: 12 Votes (Like | Disagree)
samcraig Avatar
31 months ago
If he's waiting for Trump to have a "calm head" - he's going to be waiting... a very long long long time.
Score: 11 Votes (Like | Disagree)
Zachari Avatar
31 months ago

"We're hoping...... He's not as stupid and impulsive as he is....."

It’s funny that you think Trump is stupid. When you look back at EVERYTHING he had done, it’s very easy to see the calculated and precise moves he makes. When he looks “stupid and impulsive”, you should be looking for the other moves he is making in the background. It’s very interesting. But muh, the media tells me to be mad at Drumpf so I’m going to be mad.

lol.
Score: 11 Votes (Like | Disagree)
lunarworks Avatar
31 months ago

"We're hoping...... He's not as stupid and impulsive as he is....."

There's a chance the bull will calmly walk out of the china shop.

Oh ****, there's someone wearing red.
Score: 10 Votes (Like | Disagree)

Top Stories

apple top apps games 2020

Apple Shares Top 20 Most Downloaded Games and Apps of 2020

Tuesday December 1, 2020 9:38 pm PST by
Alongside picks for the top iPhone, iPad, and Mac apps and games of the year, Apple today shared charts featuring the Top Games of 2020 and the Top Apps of 2020, revealing the most popular free and paid apps and games during the year. Among Us! was the top free game of 2020, followed by Call of Duty: Mobile, Roblox, and Subway Surfers. Ink Inc. Tattoo Drawing was the number four free app,...
m1 chip macbook air pro

Developer Delves Into Reasons Why Apple's M1 Chip is So Fast

Monday November 30, 2020 1:57 pm PST by
Apple's M1 chip is the fastest chip that Apple has ever released in a Mac based on single-core CPU benchmark scores, and it beats out many high-end Intel Macs when it comes to multi-core performance. Developer Erik Engheim recently shared a deep dive into the M1 chip, exploring the reasons why Apple's new processor is so much faster than the Intel chips that it replaces. First and foremost,...
maxresdefault

Italy Fines Apple $12 Million for Misleading iPhone Water Resistance Claims

Monday November 30, 2020 3:10 am PST by
Apple has been slapped with a 10 million euro ($12 million) fine by Italy's antitrust watchdog for unfair commercial practices related to its iPhone marketing in the country. One of the Apple ads cited in the Italian watchdog's proceedings (credit: setteBIT) Specifically, Apple is being charged for misleading claims in promotional messages about how deep and how long iPhones can be submerged...
General cyber monday 20 sale feature

Apple Cyber Monday 2020: Discounts on iPads, Macs, AirPods, and More [Updated]

Monday November 30, 2020 6:25 am PST by
Today is Cyber Monday, a shopping event that sees many of the same deals from Black Friday bleed over into a new week, along with a few brand new offers on everything from Apple products to related accessories. In this post we'll highlight the best online discounts that you can find on Apple devices today. Note: MacRumors is an affiliate partner with some of these vendors. When you click a...
16 inch MBP Mini Led

Mini-LED M1 MacBook Pro and Mini-LED iPad Pro Models Coming First Half of 2021

Monday November 30, 2020 2:24 am PST by
Apple is widely reported to be embracing mini-LED display backlighting technology for some products next year, and a new report today by DigiTimes has named several of Apple's partners in the supply chain that are expected to benefit from the switch. According to the report, Apple is set to launch its first mini-LED iPad Pro in the first quarter of 2021 and mass produce mini-LED MacBook Pro...
iphone8guide b

iOS 14.2 Quietly Added FaceTime 1080p Support to iPhone 8 and Later Models

Wednesday December 2, 2020 3:21 am PST by
Back in early November, Apple released iOS 14.2 and announced with it a slew of new features for iPhones, but one thing it didn't mention was the apparent addition of support for 1080p FaceTime calls on iPhone 8 and later devices. The little-known fact was discovered by MacMagazine, which found that Apple quietly updated the specs pages for devices like iPhone XR shortly after the release of ...
Mac Mini 2018

Apple Developers Now Able to Natively Run macOS Within AWS With Amazon EC2 Mac Instances

Monday November 30, 2020 9:01 pm PST by
As AWS re:Invent kicks off, Amazon Web Services today announced new Mac instances for Amazon Elastic Compute Cloud, allowing AWS customers to run on-demand macOS workloads in the AWS cloud for the first time. Amazon says that the new feature extends the flexibility, scalability, and cost benefits of AWS to all Apple developers as those creating apps for iPhone, iPad, Mac, Apple Watch, Apple...
best apps of 2020

Wakeout! Named Apple's Best App of 2020, While Zoom Earns the Title for Best iPad App

Tuesday December 1, 2020 9:26 pm PST by
Apple today shared its App Store Best of 2020 winners, highlighting its picks for the top iOS, iPadOS, and macOS apps and games released over the course of the year. Apple's iPhone App of the Year award went to Wakeout!, which is a family friendly exercise and movement app that encourages people to complete easy exercises while at home. Apple's iPad App of the Year was Zoom, which soared in...
magsafe duo charger

MagSafe Duo Charger for iPhone 12 and Apple Watch Now Available for Purchase

Tuesday December 1, 2020 4:15 pm PST by
Apple today began selling the MagSafe Duo Charger that was announced alongside the new iPhone 12 models back in October. Priced at $129, the MagSafe Duo offers a MagSafe charging puck for the iPhone 12, 12 Pro, 12 Pro Max, and 12 mini, along with an Apple Watch charger. Though the accessory was announced in October and was listed as coming soon, it was not clear when it would launch. Orders...
imac 5k 2014 video

Apple Adds First iMac Models With Retina 5K Display to Vintage Products List

Tuesday December 1, 2020 8:09 am PST by
The first iMac with a Retina 5K display is one of several iMac models that have been added to Apple's vintage products list this week. In the past, vintage Apple products were no longer eligible for repairs at the Genius Bar or at Apple Authorized Service Providers, but Apple began offering extended repairs of select vintage products in 2018. Many of the iMac models listed below will likely...