U.S. President Donald Trump speaks with Tim Cook, chief government officer of Apple Inc., throughout an American Workforce Policy Advisory board assembly within the State Dining Room of the White House in Washington, D.C., U.S., on Wednesday, March 6, 2019.
Al Drago | Bloomberg | Getty Images
President Donald Trump tweeted on Friday that he plans to have dinner with Apple CEO Tim Cook.
“Having dinner tonight with Tim Cook of Apple. They will be spending vast sums of money in the U.S. Great!” he tweeted on Friday.
It’s not the primary time that Cook and Trump have dined collectively. The two moguls have met a number of instances, and final August Cook had dinner with Trump in Bedminster, New Jersey, at Trump’s golf membership.
Trump was in in Bedminster, New Jersey, this week, in line with media stories.
The second a part of Trump’s tweet is referring to a press launch Apple put out on Thursday through which it described the cash it spent on U.S.-based suppliers and distributors.
In the discharge, Apple mentioned it employs 90,000 folks within the United States, and spent $60 billion on U.S. suppliers.
Apple opposes tariffs on imports from China, one in all Trump’s major points. It assembles lots of its merchandise in China. Earlier this week, the Trump administration granted a short lived reprieve on some merchandise imported from China that have been due for a 10% tariffs, together with iPhones and MacBook laptops.
Bank of America estimated that if 10% tariffs have been to be positioned on the iPhone and different main Apple items that Apple may face a drop of 50 to 75 cents per share per yr.
Apple did not instantly return a request for remark.