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Trump says he talked to Apple CEO Tim Cook after China tariff rollback - TL;DR CNBC

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. trumpbreaking news: technologydonald trumpbusinessmobileunited statesbreaking news: politicstechnologytim cookapple incpoliticsforeign policybusiness news

Source: https://www.cnbc.com/2025/05/12/trump-apple-china-tariff-rollback.html


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