Tim Cook presented President Trump with a 24-karat gold plaque while announcing Apple's $100 billion manufacturing investment in the U.S. This commitment came in response to Trump's threat of a 25% tariff on iPhones not manufactured in America. Trump had previously communicated his expectation for Apple to manufacture their products domestically. The event drew criticism, with observers likening the gift to outdated practices of political corruption and expressing dismay over the implications of CEO influence on government policies.
Cook announced that Apple would invest an additional $100 billion of its manufacturing in the U.S. under threat of tariffs from Trump.
Trump declared, I expect their iPhones that will be sold in the United States to be manufactured and built in the U.S., not India, or anyplace else.
Critics were quick to call out the odd scene, comparing gifts to Politburo members and noting the scene was embarrassing, cringe, and corrupt.
The reaction from commentators highlighted concerns over the implications of billionaire CEOs seeking government favors and the nature of crony capitalism.
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