Apple’s stock is having a good day following word of a US-China trade agreement in the works, and temporary pauses on most tariffs.President Trump called Apple CEO Tim Cook to discuss the news, per , here’s what he shared with reporters afterwards.Trump comments on Apple building plants followed call with Tim Cook Kif Leswing writes at : It’s not very clear what the first part of Trump’s statement—“even up his numbers”—was referring to.
It may have been a reference to Apple moving to reduce its dependence on China for manufacturing of the iPhone and other products.Perhaps it’s simply referring to the China tariff pause helping Apple out financially.In any case, Trump’s claim regarding Apple’s $500 billion investment may be more interesting.
When Apple first announced its US investment plans back in February, the only concrete announcement that could be tied to building plants involved the Houston facility references.From Apple’s press release: Other allocations of the $500 billion ranged from creating a Michigan academy to train US manufacturers, bulking its R&D workforce, and committing more to its Advanced Manufacturing Fund that supports domestic projects.9to5Mac’s Take It’s not out of the question that Apple may have nascent plans for building new plants that Cook and Trump have discussed privately.
More likely though, until Apple shares something different publicly, it’s safe to assume the company will continue its strategy of doing most manufacturing overseas.Even as it seeks to increase diversification outside of China, countries like India are expected to benefit from expanded manufacturing far more than the US.Best iPhone accessories Beats Pill speaker (now only $99, down from $149) MagSafe Car Mount for iPhone HomeKit smart plug 4-pack 10-year AirTag battery case 2-pack 100W USB-C power adapter for fast charging You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day.
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