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How U.S. Tariffs Will Shift for Samsung over Apple

President Donald Trump said Apple CEO Tim Cook “made a very compelling argument” during a recent dinner about the iPhone-maker losing a competitive edge against rival Samsung, because the South Korean tech giant won’t be subject to the same tariffs, Bloomberg News reported. “It’s tough for Apple to pay tariffs if it’s competing with a very good company that’s not,” Trump said to reporters. (Fortune summary)

President Donald Trump said Apple Inc. Chief Executive Officer Tim Cook voiced concerns about chief competitor Samsung Electronics getting an edge because its products, unlike Apple’s, won’t be subject to tariffs when imported by the U.S.

Cook and Trump had dinner on Friday night, while the president was at his golf club in Bedminster, New Jersey. Trump described the conversation to reporters as he prepared to travel back to Washington