The commitment of $ 100 billion from Apple CEO, Tim Cook, to the United States, came with a gift for Trump: a glass plaque “ Made in USA ” Mounted on 24 carat gold

As if a promise of $ 100 billion to invest in American manufacturing was not enough, Apple CEO, Tim Cook, gave President Donald Trump another engagement token: a personalized glass plate mounted on a 24 -carat gold stand.
“It is a unique unit in one,” said Cook. After Cook underlined during his visit to the oval office that the gift box was made in California, that the engraved glass was designed by a former corps corps corps which works at Apple, and that the golden base came from UTAH, Trump replied: “Thank you very much, it’s fantastic.” The price of gold is $ 3,383 per ounce on Thursday.
On Wednesday, at the Oval, Cook announced Apple’s plans to accelerate domestic manufacturing, paying $ 100 billion into the “American manufacturing program”, which will extend the 18 -year Apple partnership with Corning, a company based in New York that produces glass for iPhone and Iwatch screens. The massive cash infusion brings the total engagement of the technology giant towards domestic production at $ 600 billion over the next four years, after the investment announcement of Apple $ 500 billion in February.
Apple’s announcement comes when Trump plans to impose a 100% price on semiconductor fleas, electronics hiking prices, cars, household appliances and other technologies using fleas. With its renewed vigor for American manufacturing, Apple effectively dodges the tax.
“If you are building in the United States of America, there is no fee,” said Trump at the meeting with the press and Cook, where he also announced the flea rate.
Trump has put pressure on American technological companies to move production at the national level – despite the warnings of analysts that it is neither profitable nor logistics to do so. Even American manufacturing Darling Corning has a Chinese subsidiary providing optical fibers for the regional market. In May, Trump threatened a 25% rate on Apple if it did not reduce links with foreign manufacturers in India and elsewhere. Last month, Cook was scheduled to $ 1.1 billion prices in the next quarter when it continues to rely on its production in China and India.
Apple did not respond to FortuneComment request.
Courage of Cook and Trump
Cook has a long story of work with Trump, winning the title of “Trump Whisperer” for his ability to compromise concerning tax reductions and manufacturing commitments.
According to Joseph Badaracco, John Shad business ethics professor at the Harvard School of Business, Cook’s Gift to Trump not only align with his philosophy to keep things copacetical with the president, but also continued to distinguish Apple from his technological rivals.
“The president has now obtained a long series of these giant commitments to manufacturing in the United States from many other countries and many companies,” said Badaracco Fortune. “It is therefore the way to bring out the commitment of the apple a little more.”
“No one would describe it as ethically noble, but it was only a small gesture emphasizing the commitment of the apple,” he added.
In April, Nvidia promised $ 500 billion to manufacture AI equipment in the United States, following the pharmaceutical giant Eli Lilly, which announced its intention to double its American manufacturing investment at $ 50 billion. Although Cook’s gift to Trump is probably quickly forgotten, posed Badaracco, other leaders can consider Apple as the previous one to navigate the uncertainty of politics.
“If you run a company dealing with the Trump administration, you have a sort of collapse of former checks and counterweights: the congress has the courts which are slowly traveling, and in the meantime, you have a president who acts, according to many accounts, arbitrarily,” said Badaracco. “So you have to do what you can in circumstances like that.”
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