Close Menu
Technology Mag

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Google has just two weeks to begin cracking open Android, it admits in emergency filing

    August 1, 2025

    Reddit pauses its paywall plans

    August 1, 2025

    Inside the Summit Where China Pitched Its AI Agenda to the World

    August 1, 2025
    Facebook X (Twitter) Instagram
    Subscribe
    Technology Mag
    Facebook X (Twitter) Instagram YouTube
    • Home
    • News
    • Business
    • Games
    • Gear
    • Reviews
    • Science
    • Security
    • Trending
    • Press Release
    Technology Mag
    Home » Apple says Trump’s tariffs are adding another $1 billion to its costs
    News

    Apple says Trump’s tariffs are adding another $1 billion to its costs

    News RoomBy News RoomJuly 31, 20251 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email

    Apple is spending a lot on President Donald Trump’s tariffs. During an earnings call on Thursday, Apple CEO Tim Cook said the duties could add $1.1 billion to its costs during the September quarter.

    Cook says Apple has already spent around $800 million during the June quarter, which is less than the $900 million that the company predicted in May. “The bulk of the tariffs that we paid were the IEEPA [International Emergency Economic Powers Act] tariffs that hit early in the year, related to China,” Cook said.

    Trump’s sweeping tariffs have impacted all of Apple’s devices, which are mainly manufactured in China, India, and Vietnam. Cook said the “majority” of iPhones sold in the US are manufactured in India, while most Macs, iPads, and Apple Watches come from Vietnam. Trump has threatened to target Apple with even higher tariffs if the company doesn’t move some of its production to the US.

    “There are many factors that could change, including tariff rates,” Cook notes. Despite concerns surrounding tariffs, the company’s quarterly revenue jumped 10 percent to $94 billion between April and June, while iPhone and Mac sales remain strong.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
    Previous ArticleUS Senator Urges DHS to Probe Whether Agents Were Moved From Criminal Cases to Deportations
    Next Article Trump Ends Tariff Exemption for Small Packages

    Related Posts

    Google has just two weeks to begin cracking open Android, it admits in emergency filing

    August 1, 2025

    Reddit pauses its paywall plans

    August 1, 2025

    Bing made Google dance and then stole some search traffic

    August 1, 2025

    Everything we think we know about the Google Pixel 10 phones

    August 1, 2025

    Microsoft is killing off Windows 11 SE, its Chrome OS competitor

    August 1, 2025

    Samsung TVs are coming back online after apps stopped working

    August 1, 2025
    Our Picks

    Reddit pauses its paywall plans

    August 1, 2025

    Inside the Summit Where China Pitched Its AI Agenda to the World

    August 1, 2025

    The Grave Long-Term Effects of the Gaza Malnutrition Crisis

    August 1, 2025

    Bing made Google dance and then stole some search traffic

    August 1, 2025
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    News

    Everything we think we know about the Google Pixel 10 phones

    By News RoomAugust 1, 2025

    Google is readying its next set of hardware announcements, and has already confirmed that the…

    Measles Cases Are Soaring in Mexico

    August 1, 2025

    Uber’s Drive to Become the Kleenex of Robotaxis

    August 1, 2025

    Microsoft is killing off Windows 11 SE, its Chrome OS competitor

    August 1, 2025
    Facebook X (Twitter) Instagram Pinterest
    • Privacy Policy
    • Terms of use
    • Advertise
    • Contact
    © 2025 Technology Mag. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.