US EditionTim Cook Courts Beijing As Trump Threatens Tariffs — Apple CEO Vows To Boost Investments In China - Apple (NASDAQ:AAPL)
Apple CEO Tim Cook commits to boosting investment in China, a market generating about 17% of its annual sales, while maintaining key manufacturing partnerships.
- On Wednesday, Apple CEO Tim Cook said Apple Inc. will increase investment in China during his visit and met Li Lecheng, China’s Minister of Industry and Information Technology, in Beijing.
- China is one of Apple Inc.’s biggest markets and a key manufacturing hub, bringing in about 17% of the company’s annual sales.
- During the visit, Cook said Apple would further improve cooperation with China, and Industry Minister Li Lecheng urged Cook to continue exploring the market in a favorable environment.
- Amid tariff threats days after U.S. President Donald Trump threatened 100% tariffs, Apple shares have risen about 7% over the past year and were up about 1 percent intraday.
- Apple has balanced those moves by pledging a $100bn domestic manufacturing pledge and unveiling a $101m clean energy fund in China while shifting production to India and Vietnam.
16 Articles
16 Articles
Tim Cook Courts Beijing As Trump Threatens Tariffs — Apple CEO Vows To Boost Investments In China - Apple (NASDAQ:AAPL)
Apple Inc.'s (NASDAQ: AAPL) CEO Tim Cook said the iPhone maker will continue to "increase investment" in China during his visit to the world's second-largest economy, at a time when U.S. President Donald Trump has threatened to slap tariffs on imports.
Apple’s Cook Vows to Boost Chinese Investment During Visit
Apple Inc. Chief Executive Officer Tim Cook pledged to boost investment in China during a visit to the world’s second largest economy, despite threats from US President Donald Trump to slap tariffs on its foreign-made products.
Cook tells China that Apple will keep investing despite US pressure
Apple’s CEO Tim Cook used his Beijing visit to send a clear message about the company’s China strategy. Tim Cook told senior officials that Apple will keep investing in the country, aligning corporate plans with a long, pragmatic supply chain reality. The meeting came as Washington and Beijing continue to spar over tariffs and technology […] The post Cook tells China that Apple will keep investing despite US pressure appeared first on The Mac Ob…
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