US tariffs on Chinese goods will ‘hurt’ Apple, says CEO Tim Cook; price of Apple Watch, AirPods and chargers to rise

Many Apple products like Watch, AirPods, and chargers could become more expensive in the United States.

  • Published: September 8, 2018 5:53 PM IST

Image Credit: CNBC

Going on further offensive in the trade war between the United States and China, U.S. President Donald J. Trump said he was ‘ready to go’ for another $267 billion in Chinese goods, which would come on top of the tariffs on $200 billion in the Chinese goods already targeted, according to a report by Bloomberg.

As trade relations between the two countries continue to get strained, Apple said in a letter to the US trade representative that the move would ‘hurt’ the company, according to CNBC report.

The tariffs proposed by the Trump administration would make certain Apple products like the Watch, AirPods, and chargers, more expensive. Consequently, consumers in the United States will have to pay more for Apple products.

That said, Apple didn’t give an estimate of how much the proposed tariffs would contribute to the increased costs of its products.

Watch: Apple iPhone X Review

A part of Apple’s letter, which was first reported on by Bloomberg, reads, “It is difficult to see how tariffs that hurt U.S. companies and U.S. consumers will advance the Government’s objectives with respect to China’s technology policies. We hope, instead, that you will reconsider these measures and work to find other, more effective solutions that leave the U.S. economy and U.S. consumer stronger and healthier than ever before.”

According to CNBC, Apple CEO Tim Cook had dismissed concerns that the tariffs could increase the price of iPhones, which are the biggest contributor(s) to Apple’s profits.

The news comes just days before Apple is scheduled to unveil its 2018 line-up of iPhones at an event.

  • Published Date: September 8, 2018 5:53 PM IST