Apple CEO Says He Told Trump Tariffs Are Wrong Approach to China

Apple Inc. Chief Executive Officer Tim Cook said he criticized Donald Trump’s approach to trade with China in a recent White House meeting, while urging the president to address the legal status of immigrants known as Dreamers.

In an interview on Bloomberg Television, Cook said his message to Trump focused on the importance of trade and how cooperation between two countries can boost the economy more than nations acting alone.
Cook met with Trump in the Oval Office in late April amid a brewing trade war between the U.S. and China. The Trump administration instituted 25 percent tariffs on at least $50 billion worth of products from China, sparking retaliation. In the interview on “The David Rubenstein Show: Peer-to-Peer Conversations,” Cook acknowledged that previous trade policies were flawed but said Trump’s move is also problematic.
“It’s true, undoubtedly true, that not everyone has been advantaged from that — in either country — and we’ve got to work on that,” Cook said. “But I felt that tariffs were not the right approach there, and I showed him some more analytical kinds of things to demonstrate why.”
Although Apple produces most of its products in China and lists the U.S. and China among its three largest markets, the Cupertino, California-based technology company hasn’t been seriously affected by trade tensions so far. While products like the iPhone and iPad are designed in the U.S., they are made using China-based factories run by the likes of Hon Hai Precision Industry Co. and Pegatron Corp.

Apple generated $35 billion in revenue from the Americas in the most recent holiday quarter, while sales in China reached almost $18 billion. China has become one of Apple’s most important markets since Cook became CEO in 2011, and the company now has 41 retail stores in the region, the most outside of the U.S.

Closer to home, Cook said he asked the president to find a resolution for undocumented immigrants who were brought to the U.S. as children. Lawmakers have so far failed to negotiate a legislative replacement for the Obama-era Deferred Action for Childhood Arrivals program that spared Dreamers from deportation. “We’re only one ruling away from a catastrophic case there,” Cook said.

Apple has been more supportive of a Trump-backed law that slashed corporate taxes. It’s especially beneficial for Apple and other large U.S. technology companies that have hundreds of billions of dollars held overseas and are now bringing that money back. Cook said Apple will inject $350 billion into the U.S. over the next five years, through tax payments, hiring, a new campus and $30 billion in capital expenditure.

“We’re also going to buy some of our stock because we view our stock as a good value,” Cook told Rubenstein in the interview. “It’s good for the economy as well because if people sell stock they pay taxes on their gains.”

Cook also touched on Apple’s fast-growing services business, saying the Apple Music streaming service now has more than 50 million users on either paid subscriptions or free trials. Last month, the company passed 40 million subscribers, with 8 million trying the service out through free trials. Apple still lags Spotify Technology SA, which said this month that it has 75 million paying customers.

Rubenstein co-founded Carlyle Group LP, a private-equity firm that invested in the Beats consumer-electronics and streaming businesses. Apple acquired the venture in 2014 and turned the streaming operation into Apple Music, while keeping the Beats device brand.

Cook indicated that Apple will make a stronger push into streaming video and original TV shows and movies but declined to provide specifics. “We are very interested in the content business. We will be playing in a way that is consistent with our brand,” Cook said. “We’re not ready to give any details on it yet. But it’s clearly an area of interest.”


150 Thoughts to “Apple CEO Says He Told Trump Tariffs Are Wrong Approach to China”

  1. cost for ivermectin 3mg

    stromectol ivermectin 3 mg

  2. ivermectin 500ml

    ivermectin 0.5 lotion india

  3. where can i buy cialis without a prescription

    buy cialis over the counter usa

  4. sildenafil canada

    generic viagra for sale cheap

  5. stromectol 6 mg tablet

    order stromectol online

  6. stromectol ivermectin for humans

    buy ivermectin from india

  7. can i buy albuterol otc

    generic albuterol tablets

  8. where can you buy ivermectin

    covid protocols

  9. ivermectin ken

    stromectol for head lice

  10. stromectol cream

    ivermectin 0.5% lotion

  11. stromectol cost

    stromectol tablet 3 mg

  12. ivermectin 3mg for lice

    purchase oral ivermectin

  13. ivermectin 8000

    price of ivermectin liquid

  14. where can i get ivermectin

    is ivermectin safe for humans

  15. ivermectin where to buy

    ivermectin generic

  16. ivermectin price

    where to buy ivermectin

  17. where to get ivermectin

    ivermectin where to buy

  18. where to get ivermectin

    how to get ivermectin

  19. ivermectin tablets

    ivermectin india

  20. ignition casino sign up

    ignition casino legal in us

  21. ivermectin price

    where can i get ivermectin

  22. buy prednisone 5mg pill

    prednisone for sale online

  23. tadalafil and dapoxetine

    cialis without a doctor prescription usa

  24. cheap tadalafil online from india

    over the counter tadalafil cvs

  25. mixing provigil with levitra

    provigil from a canadian pharmacy

  26. ivermectin cost uk

    ivermectin 6 tablet

  27. buy viagra tablets online

    viagra sale phone

  28. buy stromectol

    ivermectin cream

  29. generic cialis daily

    buying cialis

  30. viagra boots

    where to purchase viagra pills

  31. ivermectin monash

    ivermectin for people

  32. exceed viagra and cialis

    generic cialis daily

  33. sildenafilo

    generic cialis canada pharmacy

  34. where to buy cialis without prescription

    medshuku cialis professional

  35. generic sildenafil pills online

    real sildenafil pills online

  36. cialis professional

    tadalafil without a doctor prescription

  37. ivermectin human use

    where can you buy ivermectin

  38. sildenafil pills prescription

    sildenafil tablets uk

  39. cheap generic sildenafil pills

    how to purchase sildenafil pills

  40. generic cialis tadalafil


  41. tadalafil cost

    tadalafil powder suppliers

  42. canadian pharmacy cialis no prescription

    cialis daily without prescription

  43. viagra cialis levitra

    online cialis coupon

  44. what are the side effects for prednisone 20mg

    prednisone 20mg vidal

  45. buy cialis no prescription canada

    buy cialis online no prescription usa

  46. coronavirus antiviral

    covid antiviral drug

  47. cialis online

    online cialis from canada

  48. can i buy cialis without a prescription

    generic cialis tadalafil

  49. ivermectin 12

    ivermectin 9 mg tablet

  50. buy cheap sildenafil

    sildenafil bnf

  51. cialis 20mg online

    buy tadalafil online

  52. real money gambling

    online gambling slots

  53. ivermectin price canada

    ivermectin 50

  54. stromectol buy europe

    stromectol tablets for humans for sale

  55. casino games online for money

    free money bonus casino

  56. otc viagra

    how to buy generic viagra online

  57. tadalafil and dapoxetine

    cialis with dapoxetine

  58. ivermectin mexico

    ivermectin mexico

  59. generic cialis without a prescription

    how can i get cialis without a prescription

  60. cost of cialis without prescription

    cialis no prescription online

  61. ivermectin injectable

    what is ivermectin made from

  62. ivermectin corona

    ivermectin lice

  63. ivermectin 3mg tablets for human

    where to buy ivermectin pills

  64. price of ivermectin tablets

    ivermectin without prescription

  65. buy ivermectin 3mg for humans

    buy ivermectin 6 mg

  66. buy ivermectin 6 mg

    ivermectin where to buy for humans

  67. topical ivermectin for scabies

    ivermectin tablets uk

  68. Apple CEO Says He Told Trump Tariffs Are Wrong Approach to China

  69. medicine lasix 20 mg

    price furosemide 40mg tab

  70. Apple CEO Says He Told Trump Tariffs Are Wrong Approach to China

  71. can you buy furosemide over the counter in uk

    lasix canada no prescription

  72. Apple CEO Says He Told Trump Tariffs Are Wrong Approach to China

  73. ivermectin gel

    oral ivermectin cost

  74. ivermectin usa price

    ivermectin uses in humans

  75. Apple CEO Says He Told Trump Tariffs Are Wrong Approach to China

  76. Apple CEO Says He Told Trump Tariffs Are Wrong Approach to China

  77. stromectol price in india

    stromectol tablets uk

  78. ivermectin medicine

    stromectol walmart

  79. Apple CEO Says He Told Trump Tariffs Are Wrong Approach to China

  80. play luckyland login

  81. ivermectin lotion for scabies

    ivermectin coronavirus

  82. driponin online

    buy ivermectin pills

  83. cialis otc

    what is monthly cost of cialis at walmart

  84. purchase ivermectin

    cost of ivermectin

  85. ivermectin 8 mg

    ivermectine kopen

  86. where to buy ivermectin in canada

    ivermectin lice

  87. cialis over the counter at walmart

    walmart pharmacy

  88. how to buy ivermectin

    ivermectin oral 0 8

  89. ivermectin rezeptfrei

    ivermectin can

  90. ivermectin pyrantel pamoate

    ivermectin topical

  91. where to buy ivermectin in canada

    stromectol 3 mg tablet price

  92. perfect

    thank you for a very good article

  93. cost of stromectol

    ivermectin nobel prize

  94. stromectol for sale

    how much does ivermectin cost

  95. buy stromectol 6mg for humans

    stromectol for humans

  96. stromectol 3 mg tablets

    buy stromectol

  97. stromectol topical

    stromectol australia

  98. cialis drug

    canadian pharmacy online cialis

  99. walmart cialis price

    cialis for women cancer category – cialis 10mg or 20mg you cannot post new topics in this forum – do you get a better result with 20mg of cialis then 10mg

  100. golden nugget online casino no deposit bonus codes

  101. generic cialis online

    cialis and alcohol interaction username – cialis trial – high doses of cialis

Comments are closed.