On today’s “Squawk on the Street” on CNBC, White House Senior Counselor for trade and manufacturing Peter Navarro reignited criticism of Apple’s dependence on China, calling out CEO Tim Cook for what he described as years of delayed efforts to move iPhone production elsewhere.Here’s the full quote.‘The longest running soap opera in Silicon Valley’ During a wide-ranging exchange on tariffs, the FED and Apple, CNBC’s Jim Cramer and Navarro discussed Tim Cook’s recent challenges in pleasing the Trump administration.
When Cramer noted that “no matter where Apple goes, we find that they have to be taxed high,” and asked, “What is enough for you?” Navarro responded: Today’s interview came on the heels of the end of Trump’s 90-day tariff pause, which was followed by a new round of tariffs targeting countries like Japan and South Korea.Apple’s shares followed the broader market’s downward trend, closing the day down 1.69%.AirPods deals on Amazon AirPods Pro 2, USB-C Charging: 36% off at $159.99 AirPods 4 USB-C Charging: 23% off at $99 AirPods 4, USB-C and Wireless Charging: 17% off at $148.99 AirPods Max, USB-C Charging, Midnight: 18% off at $449.99 You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day.
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