Bloomberg: Apple CEO Cook Urged by Senator Warren to Disclose Trump Tariff Talks

Senator Elizabeth Warren on Wednesday questioned Apple Inc. Chief Executive Officer Tim Cook on his discussions with the Trump administration ahead of the president’s retreat on tariffs covering crucial Apple products built in China.

“The circumstances surrounding Apple’s exemptions raise fresh concerns about influence-peddling by huge well-connected corporations, and their ability to gain special favors from President Trump,” Warren wrote in a letter to Cook which was obtained by Bloomberg News.

In early April, President Donald Trump announced a series of tariffs on items imported from China that could reach as high as 145%. That would have either dramatically cut into Apple’s profit margins on iPhones, which are primarily built in China, or significantly raised prices. But a couple of weeks later, the administration announced carve outs on several types of electronics that benefited the iPhone maker.

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