White House trade advisor Peter Navarro said Tuesday he has no knowledge of an exemption for Apple‘s iPhones in U.S. trade talks with China.
On Monday the New York Times reported, citing a source, that President Donald Trump told Apple CEO Tim Cook the U.S. government would not impose tariffs on iPhones assembled in China.
Shares of Apple traded 2 percent lower late Tuesday morning, off session lows.
This story is developing. Please check back for updates.
Source: Tech CNBC
White House's Navarro on China trade talks: No knowledge of Apple iPhone exemption