The Verge
Apple says Trump’s tariffs are adding another $1 billion to its costs
Fri, 01 Aug 2025 18:06:08 GMT
is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO.
Posts from this author will be added to your daily email digest and your homepage feed.
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.
Cook said Apple has already spent around $800 million during the June quarter, which is less than the $900 million that the company predicted in May. “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. Cook said the “majority” of iPhones sold in the US are manufactured in India, while most Macs, iPads, and Apple Watches come from Vietnam. Trump has threatened to target Apple with even higher tariffs if the company doesn’t move some of its production to the US.
“There are many factors that could change, including tariff rates,” Cook noted. Despite concerns surrounding tariffs, the company’s quarterly revenue jumped 10 percent to $94 billion between April and June, while iPhone and Mac sales remain strong.
Stay in touch
Keep informed with the most important events in market and advanced calculators.
Subscribe
Subscribe to our newsletter! Stay always in touch!
Disclaimer:
Disclaimer: The information provided by The People’s Economist (TPE) in our financial calculators and dashboards is for general informational purposes only and is not intended to provide specific financial or investment advice. The calculations provided by these tools are based on certain assumptions that may vary with your specific circumstances. Though TPE does our best to assure the accuracy of our calculators, we make certain simplifying assumptions in some cases and the results of the financial calculators are not guaranteed and are not a substitute for professional financial advice. Users should seek the advice of a finance professional before making any financial decisions. Though we do our best to ensure the accuracy of the calculators, TPE is not responsible for any errors or omissions, or for any action taken in reliance on information contained on this website. TPE expressly disclaims all liability in respect of any actions taken or not taken based on any contents of this website. By using TPE financial calculators and dashboards, you agree to hold TPE harmless from any and all losses, liabilities, or expenses incurred as a result of using the information provided. The use of TPE Website and its contents does not create a client relationship with TPE. TPE may update or modify this disclaimer at any time without prior notice. By continuing to use TPE’s financial calculators after any changes to this disclaimer, you accept and agree to any and all modifications. Please contact us with any questions or concerns about this disclaimer or its use of financial calculators