Trump, Apple and iPhone
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Apple CEO Tim Cook is contending with a host of serious issues at once, ranging from antitrust fights to souring relationship with President Trump.
Donald Trump threatened Apple with a 25% tariff on iPhones made outside the U.S., reportedly triggered by Tim Cook's absence from Trump's Middle East trip. Trump publicly acknowledged Nvidia's CEO Jensen Huang's presence while pointedly noting Cook's absence.
The New York Times reports the new Apple tariff threat is likely payback for Tim Cook skipping Trump’s recent Middle East trip.
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Elon Musk’s $5 Billion ‘Ultimatum’ to Apple That May Have Fractured Tim Cook’s Leadership CircleApple CEO Tim Cook received a startling communication in 2022 from SpaceX CEO Elon Musk. Cook was only given seventy-two hours by Musk to accept a $5 billion agreement. If Apple didn’t agree, Musk said he would become their biggest competitor.
Tensions have risen between Apple and the White House after Tim Cook skipped President Trump's Middle East trip, leading to Trump threatening 25% tariffs on iPhones made outside the U.S. Trump publicly criticized Cook's decision to expand manufacturing in India,
The president said he doesn't want Apple to shift its production to India. The iPhone maker is grappling with tough tariff measures on China.
Apple Inc. has become a frequent target for attacks by President Donald Trump, a factor that has held the stock back as other big tech companies have rebounded over the past month.
Apple Inc. (NASDAQ:AAPL) is reportedly pushing forward with a major supply chain expansion in India through its top manufacturing partner, Foxconn, also known as Hon Hai Precision Industry Co. Ltd. (OTC:HNHAF).
It's just saying, ‘I think we can squeeze a little bit more out of you,’” Morningstar technology analyst William Kerwin told Fortune.
Apple’s chief executive has gone from winning President Trump’s praise to drawing his ire, deepening the company’s woes in a very bad year.