How the Trump administration favors Apple via YahooFinance
Apple CEO Tim Cook pops up frequently alongside President Trump. He gave Trump a tour of an Apple factory in Texas on Nov. 20 and has visited the White House several times. Trump and Cook even had dinner together over the summer.
Trump has imposed tariffs ranging from 15% to 25% on about $370 billion worth of imports from China since last year. The American importers paying those tariffs can petition the Commerce Department for exemptions. Apple has—and has enjoyed a remarkably high success rate. Favoritism or just effective lobbying?It’s possible Apple receives special treatment because of Cook’s relationship with Trump. But it could also be Apple’s acumen and resources as an American tech giant. “It’s tough to say there’s favoritism,” says analyst Chris Rogers of Panjiva. “I think the fact they have a big legal and lobbying department would mean that the submissions they make will be higher quality, and better followed up than many other submissions.
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