Trump Suggests Tariffs Could Be Placed on iPhones and Laptops Imported From China

Discussion in 'Politics, Religion, Social Issues' started by MacRumors, Nov 26, 2018.

  1. MacRumors macrumors bot


    Apr 12, 2001

    In an interview with The Wall Street Journal, U.S. President Donald Trump suggested he might implement a 10 percent tariff on iPhones and laptops imported from China.

    Trump is set to meet with Chinese leader Xi Jinping later this week, and he said he is prepared to implement additional tariffs on products that are not currently subjected to tariffs should negotiations not go well.


    Starting in January, the U.S. is set to increase tariffs on $200 billion in imports from China to 25 percent from 10 percent, which Xi Jinping is hoping to delay with the upcoming meeting. According to Trump, it's "unlikely" he will hold off on implementing the upcoming increase.

    Apple devices are currently exempt from tariffs, though there were worries that the Apple Watch and AirPods would be included in the most recently released tariff list. Trump ended up exempting a product category that includes the Apple Watch, AirPods, and other smart watches and fitness products.

    Apple has previously sent letters to the Trump administration urging it not to apply tariffs that would affect Apple products, instead urging the government find "other, more effective" solutions. Apple said implementing the tariffs would lead to lower U.S. growth and competitiveness, along with higher prices for U.S. consumers.

    Back in July, Apple CEO Tim Cook commented on the tariffs, saying that Apple was "optimistic" the issue would be sorted out, with the company ultimately hoping "calm heads prevail."

    Apple's stock has dropped in after hours trading following Trump's remarks.

    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.

    Article Link: Trump Suggests Tariffs Could Be Placed on iPhones and Laptops Imported From China
  2. mozumder, Nov 26, 2018
    Last edited: Nov 26, 2018

    mozumder macrumors 6502a

    Mar 9, 2009
    Trump's steel tariffs is why GM just laid off everyone.

    Congratulations Trump voters, you played yourself.

    The US economy is a globalist one that seeks open borders and free trade. The quicker you understand that, the better off you will be in this country.

    Apple is doing exactly that by designing products by brilliant engineers in Silicon Valley, while having them built by cheaper, lower educated people in China.

    If a person in China can build something for cheaper than in America, LET THEM - that is economic efficiency. An efficient economy will always win over an corrupt, inefficient one. Americans should only do jobs that only Americans can do, like high-end services jobs. Our economy is based on massive higher-education - the best in the world. No other country has a university system like ours, and we should take advantage of that.

    We don't want Americans to perform manual labor that oxen can do. We only want engineers and scientists and artist - people that can create value with their minds.

    New York, Silicon Valley and Hollywood are good examples of the kind of economy the US should be going forward.

    A good example of complete economic failure is Russia - their economy is entirely based on selling things they find on the ground. When was the last time anyone bought something designed/made in Russia?
  3. macduke, Nov 26, 2018
    Last edited: Nov 27, 2018

    macduke macrumors G4


    Jun 27, 2007
    Central U.S.
    That sound you hear? That's the sound of shareholders running for the hills. Yikes!

    I've been wondering if this is the real reason why Apple has been raising prices like crazy lately. They knew this was a possibility.

    -- EDIT

    I just re-read this article a day later. Does Trump honestly even know what a tariff is? Serious question. Trump's quote for context:

    The point of a tariff is to put pressure on China to get a better trade deal, or to move manufacturing of these devices back to the U.S. A tariff would presumably make it less likely for people to buy phones and laptops that are made in China because the company importing them would have to pay the tariff and therefore raise rates.

    However, if Trump thinks that "people could stand a 10% tariff very easily", then what's the point of said tariff if it won't accomplish either of the goals of a tariff? His statement says that people are going to keep buying phones and laptops regardless because they can "stand it", so essentially what Trump is doing is making it more expensive for American citizens and businesses to buy these crucial items that they need for personal and work reasons for no reason whatsoever.

    Sure, I suppose the government will make some revenue from it, but that is not usually the goal of a tariff as a tariff usually drives down demand over time. By putting a 10% tariff on these goods, he is basically just taxing the American people for the most crucial item they use in their everyday life. It's fine if that's what they want to do, but they should just call it what it is and stop trying to be sneaky about it. It's almost like taxing water or food—just because it's more expensive doesn't mean people will stop buying it. They'll just stop buying other things and slow down the economy.
  4. oghowie macrumors 6502a


    Jul 12, 2008
    Explains why Apple has been weak for the last week. I'm sure he leaked this to his friends.
  5. rillrill macrumors 6502a


    Jul 27, 2011
    New York
  6. Dormammu macrumors 65816


    Sep 21, 2013
    A mysterious location in the middle of nowhere
    Are they tired of winning yet?
  7. martyjmclean macrumors 6502


    Jan 24, 2018
    Sydney, NSW, Australia
  8. BB8 macrumors regular


    Jan 26, 2016
    Tim Cook needs to put his money where his mouth is and aggressively donate to Democrats in the next election.
  9. twocents macrumors regular


    Mar 31, 2016
    California, USA
    If the prices increases across the board in 2018 are any indication, I have no plans to buy replacements for my MBP '18 or XS Max for the foreseeable future. With or without the costs of the trade war
  10. mw360 macrumors 65832


    Aug 15, 2010
    Paying an extra 20% for your new phone is a great way to own the libs.
  11. ramallite macrumors regular

    Jan 5, 2004
    Exactly right. This guy knows nothing about (and is unwilling to be educated about) international trade and the economy. He'll just utter whatever mindless drivel enters his head during an interview and expect to be taken seriously, while real economists can only shake their heads or laugh out loud. In the meantime, it is not surprising that his voters will continue to buy into this rubbish, because I guess it is quite difficult to publicly embarrass yourself to admit that you've been conned. Bigly.
  12. AngerDanger macrumors 601


    Dec 9, 2008
    Whew, I was sort of worrying Apple's prices were getting too low…
  13. deeddawg macrumors 604

    Jun 14, 2010
  14. Solomani, Nov 26, 2018
    Last edited: Nov 26, 2018

    Solomani macrumors 68040


    Sep 25, 2012
    Alberto, Canado
    If it's Tim Cook's own personal money, he is free to do with his money however he wants.

    But if it's Apple's cash hoard, it's not Tim's Money. It belongs to the company and its investors and shareholders. Like me. I prefer that money stays apolitical.
  15. dannyyankou macrumors G3


    Mar 2, 2012
    Scarsdale, NY
    And he blamed it on the Chevy Cruze not selling well. Lol.
  16. Rogifan macrumors Core


    Nov 14, 2011
    And this is a big reason the stock is down recently.
  17. BoxerGT2.5 macrumors 68000


    Jun 4, 2008
  18. c0ppo macrumors 65816


    Feb 11, 2013
    You really have to be naive to think iPhone prices will increase by 10%. If this tariff happens, Tim Cook will increase prices by at least 20%. Even more for the rest of the world, even though these tariffs don't affect rest of the world. By why would TC waste a chance for more money grab if he sees one?
  19. ericgtr12 macrumors 65816


    Mar 19, 2015
    It's amazing to hear Republicans who used to blame Obama for not creating jobs fast enough now speaking so highly of laying American workers off, farmers losing their crops and the steel industry taking such a big hit... just so we can to stick it to China. The American worker Conservatives once valued has become a pawn in Trump's game and they're all going along.
  20. cardfan macrumors 68000

    Mar 23, 2012
    Don’t like seeing him pick and choose different products. Make it 20 percent for all products built in China.
  21. Art Mark macrumors regular

    Art Mark

    Jan 6, 2010
    Wouldn't just about every consumer product see an increase? Dell, HP...Amazon echo. They aren't being put together here. I think Amazon would be hit the hardest as they sell at a loss already. Or are all other companies exempt from tariffs?
  22. Glideslope macrumors 603


    Dec 7, 2007
    A quiet place in NY.
    You know, I was very surprised he did not blame Mary Barra. Given his abusive language toward women. If the Big Red Doughboy puts tariffs on Apple's devices I'll bet Tim stops his dinner meetings with Donnie. Tariffs are bad business. He could care less about the 14,000 people without a job. Just keep harping on low gas prices so Americans keep buying big SUV's. Oil drops below $55 a barrel and the US Frackers close up shop(not that I don't like that.) Americans never remember history. I'm so glad I have no grandchildren. This country is becoming unrecoverable. :apple:
  23. Art Mark macrumors regular

    Art Mark

    Jan 6, 2010
    And it's not clear exactly how bad this sticks it to China as other countries have already stepped up with agricultural sales. We have soybeans in storage starting to go bad. But yeah, people are (I was going to say dumb) but that wouldn't be nice. Some people are intellectually challenged. The world is a little too complicated. That's why they like coal.
  24. glitch44 macrumors 65816

    Feb 28, 2006
    Your avatar is Trump and your location is set in Canada but you're weighing in on US politics for a US company. So much cognitive dissonance.

    In any case, the Citizens United SCOTUS ruling means corporations can financially participate in political campaigns, so why wouldn't Apple donate to one more aligned with their political values and goals, especially when tariffs hurt their bottom line?

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660 November 26, 2018