Tim Cook Courts Beijing As Trump Threatens Tariffs — Apple CEO Vows To Boost Investments In China - video Dailymotion

Benzinga

Apple CEO Tim Cook reaffirmed plans to boost investment in China despite Trump’s 100% tariff threat. Meeting officials in Beijing, Cook pledged deeper cooperation as Apple balances China expansion with $500B in U.S. manufacturing commitments.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Apple CEO Tim Cook said the company will increase investment in China despite Trump's threat to

00:07impose 100% tariff on Chinese imports, according to Benzinga. Tim Cook met with China Industry

00:12Minister Li LeSheng, pledging to strengthen cooperation with China while also visiting

00:16an Apple store in Shanghai and the artist Kai Sing Lun. Li LeSheng assured Cook that China

00:21would maintain a favorable environment for foreign companies and encouraged Apple to further expand

00:26its presence in the country. China remains Apple's largest manufacturing base, contributes

00:30about 17% of its annual sales, despite Trump's threat of 100% tariff on Chinese imports.

00:36While expanding production to India and Vietnam, Apple has pledged over $500 billion in U.S.

00:40investments to align with Trump's domestic manufacturing agenda. Shares are up roughly

00:457% over the past year, with fourth quarter results due October 30th.

00:48For all things money, visit Benzinga.com.

Tim Cook Courts Beijing As Trump Threatens Tariffs — Apple CEO Vows To Boost Investments In China

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