President Donald Trump has reassured Apple CEO Tim Cook that the iPhone will not be on any of the White House’s tariff lists, according to published reports.
The New York Times reported on Monday that Cook visited Trump in the White House last month to talk about the administration’s tax cuts. At the time, Cook explained to Trump why tariffs could reverse the tax-cut benefits for U.S. businesses. Most of Apple’s products are manufactured in China by Foxconn, a Chinese manufacturer. The Times cited an anonymous source familiar with the talks, saying that the Trump administration has said that it would not place tariffs on iPhones, which are assembled in China.
