Trump Considers Tariff Exemption for Apple: A Move Based on 'Instinct'

In a press gaggle, President Trump suggested that some companies, including Apple, which have been significantly impacted by the administration's tariffs, may be considered for exemptions. The decision will be based on 'instinct' and flexibility, despite previous statements ruling out additional exemptions. Apple's heavy reliance on China means it is particularly affected, with estimates suggesting the iPhone 16 Pro Max could exceed $2,000 if full tariffs are applied. Apple CEO Tim Cook's strategic relationship with Trump, including donations and announcements of significant investments in the U.S., may have positioned the company favorably for an exemption. The stock market has reacted positively to the possibility of a reprieve, but uncertainty remains.