A ban on China’s Huawei company by the White House could wind up hurting Apple, concerned analysts claim.
President Donald Trump’s administration announced plans Wednesday to ban technology and services of “foreign adversaries” that pose “unacceptable risks.” But possible Chinese retaliation against major U.S. companies could hit Apple hard.
Apple has teamed up with a whole lot of other companies — including Amazon, Facebooks and others — to urge Congress to protect the ability of so-called “Dreamer” immigrants to legally stay and work in the U.S.
“With the re-opening of the federal government and the presumptive restart of immigration and border security negotiations, now is the time for Congress to pass a law to provide Dreamers the certainty they need,” the coalition of companies wrote in a letter to lawmakers. “These are our friends, neighbors, and coworkers, and they should not have to wait for court cases to be decided to determine their fate when Congress can act now.”
Tim Cook has shared some of the details of his recent meeting with President Donald Trump, during which he reportedly criticized the White House’s trade war with China.
“I felt that tariffs were not the right approach there, and I showed him some more analytical kinds of things to demonstrate why,” Cook told Bloomberg Television. Cook is referring to the Trump administration’s 25 percent tariffs on around $50 billion worth of products entering the U.S. from China.
Apple is one of a number of big companies seeking permission to be part of a new U.S. drone testing program, launched by President Donald Trump last year.
With the government now opening up applications for the new program, Apple has joined other tech giants including Amazon, Intel and Qualcomm in applying. It’s not yet clear what Apple is interested in achieving with its drone ambitions, although companies such as Amazon have been outspoken about their desire to pursue drone deliveries.
During last night’s State of the Union address, President Donald Trump singled out Apple as a company that benefitted from Republican tax cuts — and is now giving back as a result.
“Since we passed tax cuts, roughly 3 million workers have already gotten tax cut bonuses — many of them thousands of dollars per worker,” Trump said. “Apple has just announced it plans to invest a total of $350 billion in America, and hire another 20,000 workers. This is our new American moment. There has never been a better time to start living the American Dream.”
Apple ramped up its lobbying spend in 2017, shelling out $7 million to battle many of the regulations and proposed new laws issued by the Trump administration.
Under Tim Cook, amount spent by Apple on lobbying efforts has more than doubled. However, while last year’s figure was a personal record for the company, it is less than many other big tech giants spent. During the same period, Google spent $18 million on lobbying efforts, while Amazon spent $12.8 million, and Facebook spent $11.5 million.
Apple has added its name to a letter of support for a legal challenge to President Trump’s attempts to end DACA, the Deferred Action for Childhood Arrivals program which protects undocumented immigrants who were brought into the U.S. when they were minors.
Other tech companies to sign the brief include IBM, Google, Lyft, Microsoft, Twitter, and others.