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Apple CEO Tim Cook said the iPhone-maker expects to pay around $1.1 billion in duties for July-September 2025, apart from the $800 million it has already paid in April-June. Cook said US President Donald Trump's tariffs are behind the rise in duties, which began hitting Apple earlier this year. Apple's global manufacturing distribution has helped offset the hit.
short by Ashley Paul / 09:59 am on 01 Aug
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