President of the People's Republic of China

Apple Chief Executive Officer Tim Cook and former EPA administrator Lisa Jackson, arrive for a State Dinner reception in honor of Chinese President Xi Jinping, in the East Room of the White House in Washington, Friday, Sept. 25, 2015. (AP Photo/Manuel Balce Ceneta)

Among over 200 titans of industry, finance and entertainment this evening, Apple’s Tim Cook and former EPA head and Apple’s VP of Environment, Policy and Social Initiatives Lisa P. Jackson attended President Obama’s Chinese State Dinner. The two reportedly sat at the President’s table with FaceBook’s Mark Zuckerberg with wife Pricilla Chan, Microsoft CEO Satya Nadella and Apple Board member and Disney CEO Bob Iger among the 18…
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President Obama and President Xi Jinping in Beijing (photo: Agence France-Presse/Getty Images)

A trade agreement reached between the U.S. and China looks set to reduce Apple’s manufacturing costs by removing import tariffs on components imported into the country.

Apple uses components from a number of countries around the world, notably Korea and Japan, which are imported into China for the assembly of iPhones, iPads and Macs. China currently imposes import tariffs on these components. The new deal would allow companies like Apple, Microsoft and HP to bring components into China free from these charges … 
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