قالب وردپرس درنا توس
Home / Business / Trump visits Apple's manufacturing facility in Austin on Wednesday

Trump visits Apple's manufacturing facility in Austin on Wednesday



The White House confirmed Sunday that President Trump will visit Apple's manufacturing facility in Austin, Texas, on Wednesday.

Reports first appeared last week that a Trump visit to Apple's Austin plant, where the new Mac Pro will be assembled, was in the works.

Apple moved the Mac Pro unit to a plant in Austin, Texas, in September after a round of computer clearance tariffs the company won from trade regulators.

Apple CEO Tim Cook has been hailed for his relationship with Trump at a time when domestic industry and the trade war with China could seriously damage Apple's existing business model. Apple CEOs have been meeting one-on-one with Trump, including private dinners, when Apple faced the threat of tariffs on products this year.

Apple has trumped its overall US investment since Trump took office in 201

7, including a planned "$ 350 billion" contribution to the US economy and a "job print" that has grown to 2.4 million in the United States

Apple employs about 130,000 people.

Apple has also avoided the intense antitrust control of some of its rivals such as Amazon and Google.

Mac Pro is not a big driver for Apple revenue or profits. Apple's most profitable and popular products are made in China. But the tax exemptions for most of Mac Pro's parts are seen as a benefit to both the company and Trump, which boast domestic manufacturing jobs.

Apple's shares are up nearly 70% this year, nearly tripling the return on the S&P 500 index.

CNBC's Steve Kovach contributed to this report.

Subscribe to CNBC on YouTube.


Source link