Tim Cook, CEO of Apple, one of the world’s largest technology company, is optimistic about the company not facing the heat amid the US-China trade war. He says that so far, Apple products have managed to escape the fallout from President Donald Trump’s escalating trade war with China, and he’s optimistic it will stay that way.
His remark comes after Beijing recently said that it would impose a 25 percent tariff on U.S. goods in retaliation for Trump’s plan to increase tariffs on goods imported from China. As per the analysts, the cost of iPhones could increase as much as 14 percent as a result, but that hasn’t happened yet, said Tim Cook.
In an interview with CBS News, Tim Cook said that “the Chinese have not targeted Apple at all, and I don’t anticipate that happening, to be honest.” However, he conceded that a tariff on the iPhone would hurt sales of the smartphone.
He added, “I’m hoping that doesn’t happen. The truth is, the iPhone is made everywhere. It’s made everywhere. And so, a tariff on the iPhone would hurt all of those countries, but the one that would be hurt the most is this one.”
The Chinese tariffs were announced in retaliation for Trump promising to increase tariffs from 10 percent to 25 percent on roughly $200 billion worth of imports from China. Many in the technology and telecom sectors have warned that this will hurt American consumers and businesses.
Read More: Huawei’s founder Ren Zhengfei says he’ll protest if China launches a retaliation against Apple
The interview of Apple CEO Tim Cook comes on the hills of Worldwide Developers Conference (WWDC) in San Jose, California. During the keynote presentation, the company introduced several new features for iOS 13, a new Mac Pro, a new operating system for the iPad named iPadOS and more.
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