Tim Cook told CBS News that China has not targeted Apple as a result of the trade dispute with the U.S. — and he doesn't expect Beijing to do so.
"The Chinese have not targeted Apple at all, and, I don't anticipate that happening, to be honest," CEO Tim Cook told CBS News.
China on Saturday raised tariffs on $60 billion worth of U.S. goods — that included slapping higher duties on more than 5,000 American products by as much as 25%. A 25% tariff on an iPhone could potentially raise the smartphone's price by more than a hundred U.S. dollars, making those devices a lot more expensive in China in yuan terms.
Apple CEO Tim Cook speaks during Apple's annual Worldwide Developers Conference in San Jose, California, June 3, 2019.
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