Trump's relationship with Tim Apple devolves [View all]
President Trump’s relationship with Apple and CEO Tim Cook has devolved in recent weeks as the president has ramped up pressure on the iPhone maker over its overseas manufacturing.
Trump threatened Friday to put a 25 percent tariff on Apple products if the company failed to move more of its manufacturing back to the U.S., just weeks after publicly scolding Cook over his firm’s reliance on Indian manufacturing.
The tariff threat marks a sharp break from the more cordial relationship that Cook managed to maintain with Trump in his first term, when he scored a key tariff exemption.
“It puts Apple with their back against the wall a little because India was going to be the go-to to navigate the China tariffs,” Wedbush Securities analyst Dan Ives said, adding, “This is putting Apple in an almost impossible spot.”
https://www.yahoo.com/news/trump-apple-relationship-devolves-threats-160000632.html
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