Apple has successfully navigated pressure from Trump, securing tariff exemptions while announcing a $600 billion investment to increase US manufacturing over four years. Analysts believe this investment aligns with Apple's historical spending trends, which were consistent during both Trump and Biden administrations. Although Trump has threatened retroactive tariffs on companies that dodge commitments, Apple continues to manufacture iPhones abroad without significant new investments in US production. Apple built only one plant during Trump's term, which produced face masks rather than Apple products, while abandoning others. Cook's relationship with Trump appears beneficial for Apple.
Apple has committed to a total investment of $600 billion to move more manufacturing into the US over the next four years, but analysts say these numbers reflect typical spending patterns.
During Trump's last term, Cook launched a charm offensive, wooing Trump with investment commitments to avoid caving to Trump's demands for US-made iPhones while securing tariff exemptions.
Despite commitments, Apple built only one plant, which manufactured face masks instead of Apple products, while other planned facilities were abandoned.
At this stage of Cook and Trump's friendship, Apple seems to have secured exemptions without a commitment to building a US-made iPhone.
Collection
[
|
...
]