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Oct. 4th, 2019 11:11 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
timeletsThis is textbook corporate corruption that arises out of government regulations:
As a side note, despite public declarations that China pays for the tariffs, the bullshitter-in-chief knows perfectly well that tariffs are paid by American companies. The only constituency he is fooling is his own political base, aka трамповата. What a bunch of gullible idiots.
With the threat of tariffs on iPhones approaching in August, Apple Inc. stood to lose billions of dollars in profit. Chief Executive Tim Cook reached out to one of his most important contacts in Washington, Jared Kushner.
Mr. Kushner arranged a call between Mr. Cook and his father-in-law, President Trump, people familiar with the call said, giving the Apple chief a chance to explain how tariffs would increase iPhone prices and impair Apple’s ability to compete against rivals such as Samsung Electronics Co.
Within days, the Trump administration scaled back its tariff plan to exempt a swath of electronics products, including iPhones, saying it wanted to protect consumers ahead of the holiday shopping season. The call from Mr. Cook influenced the decision, a person close to the administration said.
https://www.wsj.com/articles/how-tim-cook-won-donald-trumps-ear-11570248040
As a side note, despite public declarations that China pays for the tariffs, the bullshitter-in-chief knows perfectly well that tariffs are paid by American companies. The only constituency he is fooling is his own political base, aka трамповата. What a bunch of gullible idiots.
