The Washington Post recently reported on the exemption of import taxes by the United States on smartphones and electronic products. This announcement came after a directive to delay the implementation of additional import taxes from various countries for 90 days, suggesting that Apple may play a crucial role in this decision.
According to the report, Tim Cook, the CEO of Apple, met with Howard Lutnick, the Secretary of Commerce of the United States last week, to discuss the impact of iPhone prices due to the increased import taxes. Additionally, Cook also met with several high-ranking officials at the White House.
Wilbur Ross, the former Secretary of Commerce in Donald Trump’s administration, commented that Tim Cook has a good relationship with high-ranking officials in the United States and is a leader in the tech company who prefers negotiation and direct communication with relevant parties rather than making public statements, which is likely to receive positive responses.
Moreover, Lutnick mentioned in a previous interview that the exemption of import taxes on electronic products is only temporary, and there will be a new tax structure within the next 1-2 months.
TLDR: The Washington Post reported on the US exempting import taxes on smartphones and electronic products, with Apple possibly influencing the decision. Tim Cook met with US officials to discuss the impact on iPhone prices, highlighting his effective communication and negotiation skills. The exemption is temporary, with a new tax structure expected in 1-2 months.
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