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Apple Seeks Tariff Waivers on iPhone Components, Apple Watch, AirPods and More
Apple has asked the United States government to exclude Apple Watch, AirPods, HomePod, iPhone components, and other devices and parts imported from China from the 15 percent tariff that went into effect on September 1, reports Bloomberg.
Apple filed for exclusions on 11 products or components on Thursday, which was the first day that companies were able to ask for relief from tariffs.
During Apple's earnings call earlier this week, Apple CEO Tim Cook confirmed that Apple is already paying tariffs on some of its products. Cook also said that Apple is hopeful the United States and China will resolve the trade dispute.
"I don't know every chapter of the book, but I think that will eventually happen," Cook said. "I certainly hope it happens during the quarter, but we'll see about that."
In its request for tariff waivers, Apple said that it has been unable to find a source outside of China able to meet the U.S. demand for products or components in the coming year.
Apple asked for tariff exemption for Mac Pro components earlier this year, and though Trump initially said Apple would not be granted tariff relief, Apple did indeed receive exemptions for some of the Chinese made components, and in turn agreed to manufacture the new Mac Pro in Texas.
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.
Apple filed for exclusions on 11 products or components on Thursday, which was the first day that companies were able to ask for relief from tariffs.
During Apple's earnings call earlier this week, Apple CEO Tim Cook confirmed that Apple is already paying tariffs on some of its products. Cook also said that Apple is hopeful the United States and China will resolve the trade dispute.
"I don't know every chapter of the book, but I think that will eventually happen," Cook said. "I certainly hope it happens during the quarter, but we'll see about that."
In its request for tariff waivers, Apple said that it has been unable to find a source outside of China able to meet the U.S. demand for products or components in the coming year.
Apple asked for tariff exemption for Mac Pro components earlier this year, and though Trump initially said Apple would not be granted tariff relief, Apple did indeed receive exemptions for some of the Chinese made components, and in turn agreed to manufacture the new Mac Pro in Texas.
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.
[ 106 comments ]
Top Rated Comments
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5 weeks ago
Following Tim's example can I request a waiver from paying my taxes since it puts me at a disadvantage in buying as much stuff as people who have more money than me?
Thanks
Thanks
5 weeks ago
The idea, Tim, is that you should be offshoring your production from China to a country that is less inclined to steal your intellectual property and more inclined to support free trade agreements in general. I‘m pretty sure that there are other countries other than China too with Universities that you can join as a director. Get with the program. Be an American.
5 weeks ago
Would you still buy an iphone at 3 times its current price?
Apple just released their financials that showed nearly a 38% gross profit margin.
Apple has significant room to have higher costs without increasing the prices.
they just have to have the "courage" to tell wallstreet to **** off.
but with Tim Cook, that will NOT happen because his avarice is the same as those in wallstreet. The stock price is all that matters at the end of the day to them, and that means pushing margins as high as possible.
We need to stop making excuses for this sort of pure greed by Apple and it's share holders.
5 weeks ago
Most valuable company in the world, a one-percenter if there ever was one, asking for a tax break. But it's Apple. We'll see how that plays on this forum.
In its request for tariff waivers, Apple said that it has been unable to find a source outside of China able to meet the U.S. demand for products or components in the coming year.
Unable to find a source as cheap as China, right?
In its request for tariff waivers, Apple said that it has been unable to find a source outside of China able to meet the U.S. demand for products or components in the coming year.
Unable to find a source as cheap as China, right?
5 weeks ago
All US companies were warned about production in China 3 years ago. Stop making your **** in China and move manufacturing to the US and other countries that are not currency manipulators and intelectual property theives. Get on it already. You should have started the process 3 years ago.
5 weeks ago
Apple has a duty to the stockholders to maximize value, it's as simple as that.
All the armchair CEO's are clueless...
I don't think anyone disagrees it's the profitable option, the same way no one disagrees legalised slave traders had a duty to maximise obedience through torture.
5 weeks ago
Apple just released their financials that showed nearly a 38% gross profit margin.
Apple has significant room to have higher costs without increasing the prices.
they just have to have the "courage" to tell wallstreet to **** off.
but with Tim Cook, that will NOT happen because his avarice is the same as those in wallstreet. The stock price is all that matters at the end of the day to them, and that means pushing margins as high as possible.
We need to stop making excuses for this sort of pure greed by Apple and it's share holders.
38% GPM is very reasonable and within industry norms. You may not be aware that there's a difference between gross profit margin and net profit margin, the latter being around 20% for Apple.
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Who the hell does Apple (Cook) think it is? Special exemptions for one of the richest companies out there? The greed and feeling of entitlement just worsens by the day. Yet there will still be those who fully support Apple on this issue. Incredible.
A CEO looking out for the interests of the company and its 120,000+ employees he's responsible for? Just a guess...
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