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 says 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…
