Apple’s Tim Cook Talks Trump Tariffs and AI
On Thursday, Apple CEO Tim Cook said the Silicon Valley company could end up spending nearly $2 billion thanks to President Donald Trump’s tariffs. “For the June quarter, we incurred approximately $800 million of tariff-related costs,” Cook told investors on an earnings call. He added that the company expects those costs to climb to $1.1 billion in the quarter ending in September if Trump’s tariff policies remain unchanged. As Apple watchers know, that’s the same month when the new round of iPh