Trump Trade Adviser Doesn't Know About an iPhone Trade Exemption
- Navarro suggests China could hurt Apple in other ways
- Apple made 20 percent of revenue in Greater China in 2017
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Peter Navarro, a top trade adviser to U.S. President Donald Trump, said he’s unaware of any tariff exemption for Apple Inc.’s iPhone in the growing trade spat with China.
For months, the U.S. and China have been sparring over tariffs on goods exported from China to the U.S. and vice versa. Apple, which hires companies in China to assemble the iPhone, has thus far avoided any tariffs. On Monday, The New York Times reported that Trump told Tim Cook, Apple’s chief executive officer, that the U.S. would not place tariffs on iPhones.