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Trump says Apple is spending ‘vast sums of money in the U.S.’ and he’s having dinner with the CEO – CNBC

Trump says Apple is spending ‘vast sums of money in the U.S.’ and he’s having dinner with the CEO – CNBC

U.S. President Donald Trump speaks with Tim Cook, chief executive officer of Apple Inc., during an American Workforce Policy Advisory board meeting in the State Dining Room of the White House in Washington, D.C., U.S., on Wednesday, March 6, 2019.Al Drago | Bloomberg | Getty ImagesPresident Donald Trump tweeted on Friday that he plans to…

U.S. President Donald Trump speaks with Tim Cook, chief executive officer of Apple Inc., for the length of an American Crew Protection Advisory board assembly within the Verbalize Dining Room of the White Dwelling in Washington, D.C., U.S., on Wednesday, March 6, 2019.

Al Drago | Bloomberg | Getty Photos

President Donald Trump tweeted on Friday that he plans to own dinner with Apple CEO Tim Cook.

“Having dinner tonight with Tim Cook of Apple. They’re going to be spending extensive sums of cash within the U.S. Colossal!” he tweeted on Friday.

It is some distance now now not the first time that Cook and Trump own dined together. The 2 moguls own met loads of situations, and final August Cook had dinner with Trump in Bedminster, New Jersey, at Trump’s golf club.

Trump modified into in in Bedminster, New Jersey, this week, per media reports.

The 2d share of Trump’s tweet is regarding a press release Apple build out on Thursday in which it described the money it spent on U.S.-primarily based suppliers and distributors.

In the release, Apple stated it employs 90,000 of us within the United States, and spent $60 billion on U.S. suppliers.

Apple opposes tariffs on imports from China, one amongst Trump’s main complications. It assembles many of its products in China. Earlier this week, the Trump administration granted a non permanent reprieve on some products imported from China that were due for a 10% tariffs, at the side of iPhones and MacBook laptops.

Financial institution of The united states estimated that if 10% tariffs were to be placed on the iPhone and other main Apple goods that Apple may well perchance face a tumble of 50 to 75 cents per share per one year.

Apple didn’t in an instant return a seek recordsdata from for comment.

Note @CNBCtech on Twitter for basically the most modern tech industry news.

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