The tariff Apple must pay to import iPhones and other products assembled in China will be cut in half — down to 10%. U.S. President Donald Trump announced the change after a meeting with China’s President Xi Jinping on Thursday.
It’s a change that could save Apple billions of dollars.
President Donald Trump invited Apple CEO Tim Cook to the White House on Wednesday to announce Apple’s new investment of an additional $100 billion in domestic manufacturing. It’s part of a new program designed to bring more of Apple’s supply chain to American shores.
President Donald Trump wants Apple to make iPhones in the United States. Otherwise, he threatens to impose a 25% tariff on the company.
A well-connected supply chain analyst thinks that, from a profitability standpoint, it’s better for Apple to absorb the 25% tariff on iPhones. But the bigger concern is the growing political pressure from the U.S. president.
President Donald Trump renewed his call on Friday that the iPhone be made in the United States, and threatened Apple with a special 25% tariff if the device gets assembled anywhere else.
Previously, Apple seemed caught up in Trump’s trade war with China, as so many of its products are assembled there. But now Trump’s ire turned specifically on Apple, causing him to threaten import taxes on its products alone.
President Donald Trump made it clear Wednesday he doesn’t want Apple to manufacture its products in India.
“I don’t want you building in India,” Trump reportedly told Apple CEO Tim Cook during a phone call Wednesday.
Apple supplier Luxshare started discussing potential manufacturing relocations due to tariffs with customers, including a possible production shift to the United States, according to a new report. It cited comments made by company chairwoman Wang Laichun during an analyst call Wednesday. The Chinese manufacturer assembles iPhones and AirPods for the tech giant.
“If there is a commercial guarantee and we are able to conduct a good evaluation, we do not rule out having some products being localized to meet the needs of the US market,” Wang stated, adding that the company would carefully weigh “long-term development and safety considerations” before making such moves.
During Tuesday’s Apple shareholder meeting, CEO Tim Cook said the company won’t make changes to its diversity and inclusion programs. President Donald Trump wasn’t happy when he heard about it.
Cook said Apple’s strength is based on an employee pool with “diverse backgrounds and perspectives.” To nobody’s surprise, Trump doesn’t sound pleased with Cook’s comments.
“Apple should get rid of DEI rules, not just make adjustments to them,” the president wrote Wednesday morning on Truth Social. “DEI was a hoax that has been very bad for our country. DEI is gone!!!”
Apple pledged Monday to invest more than $500 billion in the United States over the next four years. This stands as the company’s largest-ever spending commitment to a market.
Under this investment, Apple will expand its U.S. manufacturing efforts.
A request by former President Donald Trump that Apple help law enforcement access the contents of iPhones owned by men who tried to assassinate him is apparently based on a mistaken idea about how encryption works.
If the contents of the devices are secured by encryption, there’s nothing Apple can do to access them. That’s the very nature of encryption.
When people talk about “Apple” and “leaks” in the same sentence, they’re usually referring to rumors about upcoming products. But the Justice Department of the Trump administration took the step of subpoenaing Apple in an effort to quell White House leaks during the Trump presidency.
Specifically, it sought to gain information from Apple regarding data from the accounts of at least two Democrats on the House Intelligence Committee, their aides, and family members — including one minor. The New York Times reports that the gag order on the subpoena only expired this year, allowing those investigated to know they had been under scrutiny.
It’s good to be the president. People just give you things, like the first 2019 Mac Pro assembled in Austin, Texas. Tim Cook gave this pricy computer to Trump, probably after the president toured the factory.
Apple CEO Tim Cook decried the shocking scenes that took place Wednesday in Washington, D.C., as supporters of outgoing President Donald Trump stormed the U.S. Capitol building.
“Today marks a sad and shameful chapter in our nation’s history,” Cook wrote on Twitter. “Those responsible for this insurrection should be held to account, and we must complete the transition to President-elect Biden’s administration. It’s especially when they are challenged that our ideals matter most.”
Apple employees show they lean to the left in the clearest way possible: with their wallets. Election contributions by Apple employees inclined strongly toward Democrats in the 2020 presidential race.
It’s not even close. Apple employee contributions to Joe Biden’s campaign were more than 13 times greater than they were to President Donald Trump’s, for example.
A WeChat ban imposed by President Donald Trump could cost Apple more than $25 billion per year, claims a report published Monday.
Those numbers are based on the idea that 75% of iPhone and iPad sales could dry up in China. Apple would lose money not just from the missing device sales, but also from the resulting decline in its subscription services.
President Donald Trump’s executive order blocking “transactions” involving Tencent’s WeChat will not hurt games owned, or partially owned, by the company.
That means it would not affect the likes of Riot Games’ League of Legends or Epic Games’ Fortnite, both of which have financial ties to Tencent. Instead, the executive order covers only WeChat transactions.
President Donald Trump’s dispute with TikTok and other Chinese tech companies could wind up hurting Apple.
Trump threatened to ban TikTok from the United States if Beijing tech company ByteDance does not sell the app by Sept. 15. (Microsoft is in talks to acquire TikTok. Apple on Tuesday shot down a rumor that it was interested in buying the social media company.)
According to multiple reports, China could respond to the United States’ “bullying” over TikTok by hitting back in its own way. The language in the reports, some of which come from government-backed Chinese newspapers, is vague. However, others suggest Apple could be an obvious target of China’s wrath.
President Donald Trump’s Huawei sanctions could result in the Chinese government hitting American companies, including Apple hard, new reports claim.
Fresh reports by the Washington Post, Global Times and Daily Mail say China could launch “rounds of endless investigations” on U.S. firms operating in China. These will have the effect of “[dampening] investors’ confidence” and squeezing the income of these firms in the China market.
Apple CEO Tim Cook sounds truly optimistic about how quickly the U.S. economy will recover from the COVID-19 pandemic. He reportedly told President Donald Trump on Friday that he expects the economy to undergo a V-shaped recovery.
Tim Cook is one of the advisers President Donald Trump will consult about the U.S. plans to reopen the economy following coronavirus lockdown.
Cook is one of a panel called the Great American Economic Revival Industry Groups that the president will consult via telephone. In total, the group consists of upward of 50 executives, think tank representatives and industry leaders.
President Trump’s declaration of a national emergency provided some much-needed relief to Apple’s stock price just before the market closed this afternoon.
Apple shares jumped up over $20 in value during the last 30 minutes of trading today, just after President Trump announced that the U.S. government will free up $50 billion in federal resources to combat the COVID-19 outbreak.
CEO Tim Cook promises Apple is fundamentally strong and will weather the problems resulting from the coronavirus spreading around the world. He says his focus isn’t on short-term changes in Apple’s share price, despite a recent significant drop.
In a wide-ranging interview with Fox Business recorded Thursday in Birmingham, Alabama, Cook also discussed whether his company will move more device production out of China, and his relationship with President Donald Trump.
President Donald Trump is no fan of Apple’s refusal to unlock iPhones for authorities in encryption-stymied criminal cases. In an interview with CNBC, Trump said, “Apple has to help us. And I’m very strong on it. They have the keys to so many criminals and criminal minds, and we can do things.”
Trump is currently in Davos, Switzerland, attending the World Economic Forum. This morning, he met with Tim Cook for a working breakfast.
President Donald Trump and Apple CEO Tim Cook are taking their awkward bromance to Davos.
Cook is reportedly slated to attend breakfast with Trump this Wednesday at the World Economic Forum in Davos, Switzerland. Trump, who used his opening speech at the international gathering to slam climate change activists, also will be briefed by IBM CEO Ginni Rometty during the breakfast meeting.
Revelations that the FBI has access to a tool that can unlock data on secure iPhones are raising questions as to why the agency is demanding Apple help to create a “backdoor” to recover data on the iPhones of a Florida shooting suspect.
Steve Bannon, the ex-Breitbart chairman and former chief strategist for Donald Trump, warns that the president will “drop the hammer” on Apple if it doesn’t work with authorities.
Bannon is referring to the current standoff regarding whether Apple should unlock iPhones used by the shooter who killed three people at the Pensacola Naval Air Station in December.