After meeting Tim Cook, trump made a big announcement!
US President donald trump has revealed that apple CEO Tim Cook plans to shift manufacturing from mexico to America. This has been claimed in a report. It is being told that trump revealed this in a meeting of governors. However, the company has not yet given any reaction to this.
Cook made this promise to Donald Trump
According to a Bloomberg report, trump, citing a recent meeting with Cook at the White House, said that apple has closed its two plants in mexico and instead products will now be made in America. He also said that Cook has promised that apple will invest crores of dollars in America. Quoting trump, Bloomberg has said in its report, "He (Cook) has started preparing. There will be an investment of crores - you have to talk to him about this. I think he can announce it anytime. The company does not want to be included in the tariff.''
The report did not mention which manufacturing unit trump is referring to. However, it has been reported that Apple's partner Foxconn technology Group has a large presence in mexico and the company is considering expanding its scope there. Foxconn produces iPhones in Asia and apple is still mainly dependent on china for its production.
US-China tariff war causes loss to Apple
Now the question is how much will Trump's tariff imposition affect Apple? Meanwhile, apple is expected to suffer losses due to the tariff war between the US and China. trump has announced a 10 percent tariff on goods imported from China. This is no less than a challenge for Apple. This may slow down Apple's sales. It is being told that now china is also considering investigating Apple's app fees and policies. This is making the matter more complicated because china is the company's largest manufacturing hub, while the US is its largest market.
click and follow Indiaherald WhatsApp channel