Democrats rail against Apple after Trump unveils electronic tariff exemption
Source: The Hill
04/12/25 3:39 PM ET
Democrats slammed the Trump administration for allegedly favoring sector-specific companies by giving them the ability to bypass the fallout from new trade policy with a Saturday exemption of electronics from reciprocal tariffs imposed on countries across the globe, including China.
Smartphones, computers, routers and semiconductor chips were all excluded from the presidents heightened taxes, leaving room for companies like Apple, which has a host of plants in China, to escape an uptick in price costs for consumers amid the onset of new tariffs.
Apple CEO Tim Cook donated $1 million to Donald Trumps inauguration. Looks like hes getting a big return on his investment, Sen. Elizabeth Warren (D-Mass.) wrote in a Saturday post after learning of the news. Cook donated $1 million to President Trumps inaugural fund, as did Amazon founder Jeff Bezos and Meta CEO Mark Zuckerberg.
The Apple CEO also met with the Republican candidate at Mar-a-Lago a month prior to his return to the White House showing signs of a budding relationship between the two.
Read more: https://thehill.com/homenews/administration/5246353-democrats-rail-against-apple-after-trump-unveils-electronic-tariff-exemption/
Sen. Warren Xitter post -
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Apple CEO Tim Cook donated $1 million to Donald Trumps inauguration.
Looks like hes getting a big return on his investment.
Mark Gurman
@markgurman
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BREAKING: President Donald Trumps administration exempted smartphones, computers and other electronics from its so-called reciprocal tariffs in win for Apple (and shoppers). This lowers the China tariff from 125%. https://bloomberg.com/news/articles/2025-04-12/trump-exempts-phones-computers-chips-from-reciprocal-tariffs
11:36 AM · Apr 12, 2025
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Blue Sky - https://bsky.app/profile/warren.senate.gov/post/3lmmufo4j3k2g

AZJonnie
(700 posts)After all, what kind of shakedown would that be? Trump's basically giving these exemptions away? No way. Trump selling exemptions were what the tariffs were about from the start.
BumRushDaShow
(150,860 posts)like HP, Samsung, LG, Dell, Lenovo (a Chinese company that bought out IBM's PC/laptop business & Motorola's phones), etc.