President Trump said Sunday Apple CEO Tim Cook made a "very compelling argument" during a meeting with him on how paying tariffs would make it difficult for the tech giant to compete with the likes of Samsung.
The big picture: Trump announced last week he would delay for 3 months tariffs on some Chinese imports, including certain tech goods, footwear and clothing. The 10% tariffs that were due to go into effect Sept. 1 would have affected iPhones and iPads.
NEW: Pres. Trump said he met with Apple CEO Tim Cook in Bedminster, adding that Cook "made a very compelling argument" that tariffs are making it hard for Apple to compete with companies like Samsung. "I'm thinking about it." https://t.co/TVq7yKJSle pic.twitter.com/LktWUkkJdt
— ABC News (@ABC) August 18, 2019
Between the lines: The threat of a crashing stock market and higher Christmas shopping prices seemed to spook the Trump administration, despite the president's false insistence that China pays the cost of tariffs directly into the U.S. Treasury.
Go deeper: The forever trade war
