What did you make of the allocation towards glass, for example, particularly in Kentucky, in the United States. I think the cook is being very strategic about giving the administration what they want, which is investment in the U.S., but doing so in a way that is feasible. So it's still not about bringing production of the iPhone back, but really leaning into some of the partners like Corning and manufacture.The mastery of this is not just about the iPhone and Apple watches that are sold in the states that ...

As of midnight this morning, President Trump's tariffs on dozens of America's trading partners are in effect right now. A variety of products will be hit. From European appliances to Japanese cars to toys from China and TVs from South Korea.The overall average effective tariff rate is now more than 17% which is the highest level in nearly a century. Meanwhile, Trump announced yesterday he will double tariffs on India to 50% due to the country's purchases of Russian oil. That is set to go into effect later t ...

Manufacturing & Supply Chain - Bringing manufacturing back to America is a desirable goal, echoing Steve Jobs' vision of integrated design and manufacturing [1] - End-to-end control over the manufacturing process, from microchips to finished products, is crucial for high-end products [1][9] - Global supply chains, while offering comparative advantages, can lead to a disconnect between design and manufacturing [1] - A potential 10-15% advantage for companies building in America could incentivize domestic manufacturing [1] Trade & Policy - The speaker has shifted from a staunch free trade advocate to recognizing the importance of domestic manufacturing for job creation and economic stability [1][2] - Unpredictable tariffs, like those implemented by President Trump, are not the ideal approach to incentivizing domestic manufacturing [1][3] - Manufacturing chips in America is crucial to reduce reliance on China [6] Company Specific - Apple's CEO Tim Cook is praised for his ability to navigate political administrations and his expertise in managing complex global supply chains [1] - Apple's collaboration with Corning on Gorilla Glass exemplifies the importance of close partnerships for product perfection [8][9] - Intel's stock is down by 3.8% following concerns about the CEO's ties to China [5]

Economic activity tied to manufacturing has shrunk during most of President Trump’s second term, despite companies’ pledges to beef up investments in domestic production https://t.co/KY4YPGRXXK ...

Around the world, politicians are fixated on factories. But this obsession with factories is built on myths—and will be self-defeating https://t.co/CxJ9QRGAlz ...

This afternoon. We're pleased to welcome to the White House one of the great and most esteemed business leaders and geniuses and innovators anywhere in the world, Apple CEO Tim Cook. Amazing job.Thanks as well to Secretary of the Treasury Scott Bessant and Secretary of Commerce Howard Lutnick for being here. Wherever you may be in New York, fellas, I missed you. Today, Apple is announcing that it will invest $600 billion just with a B in the United States over the next four years.That's $100 billion more th ...

Good afternoon everyone. Uh Mr. . President, thank you very much for having me here today.You've been a great advocate for American innovation and manufacturing and I'm grateful for your leadership and your commitment. That's a commitment we share at Apple because American innovation is central to everything we do. Our products are designed here.We're hiring and growing here and we support 450,000 jobs with thousands of suppliers and partners in all 50 states. Earlier this year, we made our largest ever spe ...

It's a big number in isolation, sort of, but it's also got to be taken in aggregate. Absolutely. Look, Apple spends a lot on these types of initiatives all the time.They have already been planning to spend hundreds of billions of dollars in the coming years. The Trump administration likes big, round, big honking numbers. Right.And this is a way for them to say we've scored a victory. We are bringing manufacturing back to the United States on Apple's part, making these pledges, throwing these numbers out the ...

Watch live coverage as President Trump holds a White House event for Apple’s commitment to a new investment in American manufacturing. Apple CEO Tim Cook is expected to join the president for the announcement. For more context and news coverage of the most important stories of our day, click here: https://www.nbcnews.com » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deli ...

Welcome back to Squawkbox. We are in Aspen, Colorado this morning with two former Treasury Secretaries uh who are uh the co-chairs of the Aspen Economic Group. Good morning to you.Hank Pollson is here. Tim Gner is here. Uh we just spoke to the president.Lots of questions about where our economy is today, what's going on with the tariffs, how you think about all this geopolitically, treasuries and everything. Um geopolitics, China. So I want to get to as much of this as we can.I just want to start though wit ...