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President Donald Trump on Friday announced that electronics and software giant Apple was planning to relocate its manufacturing from Mexico to the United States. Neither the company nor chief executive officer Tim Cook has publicly confirmed the decision which Trump linked to the reciprocal tariffs which have gone into effect. Addressing U.S. governors at the
Apple moving plants from Mexico to avoid US tariffs – Trump
President Donald Trump on Friday announced that electronics and software giant Apple was planning to relocate its manufacturing from Mexico to the United States.
Neither the company nor chief executive officer Tim Cook has publicly confirmed the decision which Trump linked to the reciprocal tariffs which have gone into effect.
Addressing U.S. governors at the White House, the President said Cook already communicated his readiness to invest hundreds of billions of dollars in America.
Trump told gathering, which included senior cabinet officials, that the Apple CEO has “stopped two plants in Mexico” and will soon start the construction of plants for production in the U.S.
“I had Tim Cook in the office, he’s investing hundreds of billions of dollars,” said Trump. “I hope he’s announced it, hope I didn’t announce it. All I do is tell the truth. That’s what he told me, now he has to do it.”
The President also hinted that “people are coming in with tremendous amounts of money,” saying, “We are going to have a lot of chip makers come in, a lot of auto makers coming in.”
“They (Apple) stopped two plants in Mexico, they were under construction,” Trump continued. “They just stopped them, they going to build here instead because don’t want to pay the tariffs. Tariffs are amazing.”
Cook had a session with Trump at his Mar-a-Lago residence in Florida during the transition period and later attended the President’s inauguration in January, along with other business tycoons.
The White House on February 1 publicized the President’s implementation of a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China.
Apple moving plants from Mexico to avoid US tariffs – Trump