Apple Inc. CEO Tim Cook said that he expects the United States President Donald Trump's tariffs to increase costs by $900 in the current quarter.
Cook said that "assuming the current global tariff rates, policies and applications do not change for the balance of the quarter and no new tariffs are added, we estimate the impact to add $900 million to our cost" for the quarter ending in June. "This estimate should not be used to make projections for future...
