
Apple says Trump’s tariffs are adding another $1 billion to its costs
Emma Roth
created: July 31, 2025, 9:53 p.m. | updated: Aug. 1, 2025, 2:06 p.m.
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.
“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.
Trump has threatened to target Apple with even higher tariffs if the company doesn’t move some of its production to the US.
3 weeks, 1 day ago: The Verge