Apple CEO Tim Cook said President Trump’s tariffs could tank the company's profits in the second quarter during a Thursday earnings call.

“For the June quarter, currently we are not able to precisely estimate the impact of tariffs, as we are uncertain of potential future actions prior to the end of the quarter,” Cook told attendees.

“However, for some color, 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 costs,” he added.

The president has imposed a 145 percent tariff on China, where most of........

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