Trump says he talked to Apple CEO Tim Cook after China tariff rollback
Publishing timestamp: 2025-05-12 14:43:05
Summary
President Trump spoke with Apple CEO Tim Cook after U.S. and China agreed to suspend most tariffs for 90 days. Apple investors and Wall Street cheered the pause on Chinese tariffs, with Apple stock rising 6% on Monday. Apple previously announced plans to spend $500 billion to expand operations in the U.S. including assembling AI servers in Houston. The cooling of the U.S.-China trade war is expected to benefit Apple, which does most of its device production in China.
Sentiment: POSITIVE
Tickers: AAPL,
Keywords: donald j. trump, breaking news: technology, donald trump, business, mobile, united states, breaking news: politics, technology, tim cook, apple inc, politics, foreign policy, business news,
Source: https://www.cnbc.com/2025/05/12/trump-apple-china-tariff-rollback.html