Apple Inc.

Trump: Apple's Tim Cook made a good case that trade war helps Samsung

President Donald Trump speaks alongside Apple CEO Tim Cook (L) during the first meeting of the American Workforce Policy Advisory Board
Apple CEO Tim Cook and President Trump at the White House in March. Photo: Saul Loeb/AFP/Getty Images

President Trump said Sunday Apple CEO Tim Cook made a "very compelling argument" during a meeting with him on how paying tariffs would make it difficult for the tech giant to compete with the likes of Samsung.

The big picture: Trump announced last week he would delay for 3 months tariffs on some Chinese imports, including certain tech goods, footwear and clothing. The 10% tariffs that were due to go into effect Sept. 1 would have affected iPhones and iPads.

The Apple Card, like checks and Venmo, fails the instant payments test

Illustration: Aïda Amer/Axios

An ideal payment mechanism should do 2 things: It should take place in real time, and it should clear at par.

That's how cash works. If you give me $50 in cash, then I immediately become $50 richer, and you immediately become $50 poorer.