Apple CEO Cook told President Trump tariffs are ‘not the right approach’ to China

“Apple Inc. Chief Executive Officer Tim Cook said he criticized Donald Trump’s approach to trade with China in a recent White House meeting, while urging the president to address the legal status of immigrants known as Dreamers,” Alistair Barr reports for Bloomberg. “In an interview on Bloomberg Television, Cook said his message to Trump focused on the importance of trade and how cooperation between two countries can boost the economy more than nations acting alone.”

“In the interview on The David Rubenstein Show: Peer-to-Peer Conversations, Cook acknowledged that previous trade policies were flawed but said Trump’s move is also problematic,” Barr reports. “‘It’s true, undoubtedly true, that not everyone has been advantaged from that — in either country — and we’ve got to work on that,’ Cook said. ‘But I felt that tariffs were not the right approach there, and I showed him some more analytical kinds of things to demonstrate why.'”

“Although Apple produces most of its products in China and lists the U.S. and China among its three largest markets, the Cupertino, California-based technology company hasn’t been seriously affected by trade tensions so far,” Barr reports. “Closer to home, Cook said he asked the president to find a resolution for undocumented immigrants who were brought to the U.S. as children. Lawmakers have so far failed to negotiate a legislative replacement for the Obama-era Deferred Action for Childhood Arrivals program that spared Dreamers from deportation.”

“Apple has been more supportive of a Trump-backed law that slashed corporate taxes. It’s especially beneficial for Apple and other large U.S. technology companies that have hundreds of billions of dollars held overseas and are now bringing that money back. Cook said Apple will inject $350 billion into the U.S. over the next five years, through tax payments, hiring, a new campus and $30 billion in capital expenditure,” Barr reports. “‘We’re also going to buy some of our stock because we view our stock as a good value,’ Cook told Rubenstein in the interview. ‘It’s good for the economy as well because if people sell stock they pay taxes on their gains.'”

Read more in the full article here.

MacDailyNews Take: As per China tariffs, Cook is on record, but seems to agree with others like Elon Musk that trade imbalance with China is an issue that needs work.

As for “Dreamers,” a legislative solution is the purview of Congress and the politicians won’t be giving up an election wedge issue (meaning: resolving the issue legislatively) until after the midterm election at the earliest, as Cook likely knows full well.

SEE ALSO:
What Apple’s $100 billion buyback plan says about President Trump’s tax cuts – May 2, 2018
Apple CEO Cook told President Trump that he loves the tax cut and tax reform – Larry Kudlow – April 26, 2018
Apple CEO Cook hopes ‘calm heads’ prevail on U.S. – China trade – March 24, 2018
Apple CEO Tim Cook heads to China as President Trump orders 25 percent tariffs on up to $60 billion in Chinese imports – March 23, 2018
Elon Musk sides with President Trump on trade with China – March 8, 2018
Analyst: President Trump’s tariff impact on Apple would be just a ’rounding error’ – March 7, 2018

34 Comments

  1. I agree that the trade imbalance between China and America needs adjusting, it is too much in favor of China at the moment, and this bias against America needs fixing. However what i dont understand is why the hell are stupid Americans importing cars from China. Those Chinese cars are death traps and should be avoided. Americans addiction to cheap and cheerful is the main issue here. Here in the UK, i see lots of Chinese Pizza bikes, and they are horrible. The Japanese and European bikes are much better

  2. Strangely enough, it’s a pretty good sign of where a country is at when an industry leader steps up to lead humanitarian efforts created by a vacuous government who lost all ethics and morals when their house of cards crumbled over a couple of lost buildings.

    We’ve seen Tim Cook supportive in the area of sexual orientation, environmental friendliness, privacy and basic human dignity and of course we’ve seen the chump. What a deal maker he’s turning out to be. All those trade deals, tariffs and that Iran deal, that’s sure to get him nominated for the Nobel War Prize along with the tariffs on China.

    Tim Cook would be well served reading a couple short articles from the UN Universal Declaration of Human rights;

    Article 5. No one shall be subjected to torture or to cruel, inhuman or degrading treatment or punishment.

    Article 6. Everyone has the right to recognition everywhere as a person before the law.

    Those ideas could certainly use a strong advocate, certainly Apple’s home government has missed the mark and is falling, falling, falling…

    1. I am not disputing you Road Warrior, however i will say that the UN article’s 5&6 you mention, China violates them a hell of a lot more than America and gets away with it. China’s environmental damage is high also with all the rampant pollution and waste disposal. Saying that America needs to get a grip on its ever so sliding ethics and world standing.

      1. I hear you Snoop Dogg and I on the agree with you side on that issue. China’s environmental record is atrocious. I took a quick look at one of those top 5 lists for most polluting countries and China was on top of the list. Second was Apple’s home nation. Then came Brazil, Indonesia and Japan.

        So both of them are top of the list and they both get away with it for the most part.

        It’s something that the world needs to get a grip on.

        Regarding articles 5 & 6 I’m going to go out on a limb here, it’s been something in the back of my mind for a while so it may not come out just right. It seems to me that that China’s violation of human rights is focused on their citizens or foreigners that they capture on their land. On the other hand Apple’s home nation treats its citizens pretty darn good, their focus is on foreigners that they capture on other lands. Do you think that’s a valid observation?

        At any rate, thanks for the feedback and pointing it out. There are a lot of countries that do cause issues to the advancement of humanity, and some of them are indeed superpowers like China.

        Have a great day.

    2. “Those ideas could certainly use a strong advocate”
      The UN already has a Human Rights Commissioner, a former classmate of mine. His job is to be the “strong advocate”, and he’s based in New York.

      1. Are you talking about Zeid Ra’ad Al Hussein, the United Nations High Commissioner for Human Rights?

        That’s nice to know but the irony of it is, well Apple’s home country tortures so I’d think that the advocacy needs to be a bit more effective. Good point though there are those that are certainly doing what they can to promote humanitarian values.

        1. Road test: Five question quiz on what countries “torture” the most in history:

          1) Name “terrorist nations” that cut off prisoner heads while they are still alive on video.

          2) Name “terrorist nations” that burn bodies in cages while they are still alive on video.

          3) Name “terrorist nations” that line up hooded Christian captives on a beach and execute them in cold blood.

          4) Name “terrorist nations” that stone women in public.

          5) Name “terrorist nations” that execute gay citizens.

          I expect you to ignore as usual, Canadian coward …

          1. GeoB,

            If by “nation,” you mean nation-states that are recognized as such by any other country on earth, the answers to ##1, 2, and 3 is “none.” The so-called “Islamic State” was not a nation in anyone’s eyes other than its own. No real nation, terrorist or otherwise, has ever done any of those things.

            I assume that you were inferring a general attack on Arabs and/or Muslims. Blaming them for IS crimes is like blaming all Italians and/or Roman Catholics for crimes committed by the Mafia. Every religion and every culture has criminals, but that does not make them criminal cultures.

            #4 might theoretically apply to several countries currently, but only Somalia (which is hardly a functioning state) and Iran have actually stoned anyone in recent years. The death penalty for adultery used to be much more common, and not just in Muslim countries. Woman were burned at the stake for “petty treason” in England as late as the 1780s. Adultery is still a criminal offense in 21 US states, the Philippines, Taiwan, and numerous sub-Saharan African countries with Christian majority populations.

            As for #5, many countries historically punished “sodomy” very severely. In 1730, a crackdown on homosexuals in the Netherlands produced 60 death sentences. England was hanging offenders until 1835. The same non-Muslim countries that criminalize adultery also prohibit homosexual conduct (as do a number of others).

            Every US state prohibited homosexual conduct until 1961. 14 states still had such laws on the books in 2003 when the Supreme Court invalidated them. The penalties ranged up to 15 years in prison. That might well be a death sentence in practice, given the treatment of gay inmates.

            None of which has the slightest relevance as to whether the United States should be imposing tariffs on China. Nor does it have the slightest connection to Tim Cook’s other point, that the US should not punish hard-working American residents for having been born abroad and brought here as children.

    3. What about Iran, Syria, China, Saudi Arabia and others that have the worst human rights abuses and treatment of women, I won’t even get into treatment of homosexuals? Where is your outrage about that Mr. Warrior (How Ironic a name your handle is also, for such a peacenik)

      1. What about them? Well I have commented about some of those countries and I’ll agree that like Apple’s home nation they are horrible when it comes to human rights. In fact I made a comment about China in this thread. Each one of these countries has their own techniques and approaches to terrorism and human right abuses. Some cut of heads, some go after homosexuals, some go after certain religions, some have reeducation camps. Most, from my understanding do it to their own citizens (thus it is an internal national issue) or to those that they are at war with, and in the middle east everyone is lobbing bombs on everyone else. Apple’s home nation has is unique approach, it treats its own citizens pretty good but when it comes to other countries, it’s crap. That makes it an international issue in my opinion.

        I will note at this point that this is an Apple web site and as a result Apple’s home nation is more likely to be a topic than other countries.

        You forgot to mention Iraq it’s right near the bottom of the global peace index, a testimony to the presence of Apple’s home nation there. I’ve mentioned Iraq a few times on this site I think.

        You also forgot to ask what about Iceland, New Zealand, Portugal, Austria and Denmark. They are on the top of the list of the Global Peace Index. Those are the leaders that are advancing humanitarian causes, those are the nations that are the greatest and are leading the way forward. Very rarely do I see a positive comment towards those countries, in fact I rarely read any positive about other nations here but every now and then I see a nice comment about another country. It’s a breath of fresh air. There are some great and fantastic countries out there, but I don’t consider Apple’s home nation to be one of them, along with those you have provided on the list.

        What about those nations you mentioned, well some of them are what I would consider terrorist nations, along with Apple’s home nation. After all torture is a terrorist tool.

        Now I’ve taken the time and effort to address your “whataboutism” distraction, without any personal insults I might add, so how about you taking this opportunity to step up to the plate and deliver some insights as to how torturing people by Apple’s home nation advances humanity. Feel free to refer to studies that shows that people from Apple’s home nation that torture get better jobs, divorce less, and have whiter brighter teeth. Tell me about the efforts that Apple’s home nation is taking at the UN to modify to Universal Declaration of Human Rights to include “It’s OK to torture people and deny them justice.” Show me evidence, that torture helps make Apple’s home nation such a great country, as opposed to a scum terrorist one.

    4. “… a vacuous government who lost all ethics and morals when their house of cards crumbled over a couple of lost buildings.”

      Over a couple of lost buildings? How about the fact that those buildings were full of innocent people? How about the deaths of 3,000 and 6,000 injured, not to mention billions of dollars in damage?

      Apparently those facts mean nothing to a putrid, lowlife piece of shit like you. And these ass-kissers here who seem to idolize you are no better. You put yourself on a higher plane, but you are no better than those you deride over and over. Fuck you punk.

      1. Unbelievable is exactly right. Road Warrior should be permanently banned for his outrageous and tired denigrations of the most free and liberating country on planet Earth. Sycophant supporters are just as clueless…

      2. I think you may misunderstood what I meant. The second 9-11 event was, like the first 9-11 event, an atrocity. The whole world was shocked and sympathetic to their plight at that stage. It was the subsequent reaction of Apple’s home nation that snatched defeat from the jaws of victory. That’s when Apple’s home nation began to leave the free and civilized world.

        It really is a question of perspective. I’m not putting myself on a higher plane, it’s those from Apple’s home country that have gotten off their high horse, and are digging themselves into a hole.

        1. You really are totally tone deaf and totally clueless. It is insulting to U.S. readers that you self righteously claim to hold the moral high ground which is 100% FALSE! The U.S. liberated the world in WWII, and other conflicts that you conviently IGNORE. You want to talk torture?

          Then answer the questions:

          1) Name “terrorist nations” that cut off prisoner heads while they are still alive on video.

          2) Name “terrorist nations” that burn bodies in cages while they are still alive on video.

          3) Name “terrorist nations” that line up hooded Christian captives on a beach and execute them in cold blood.

          4) Name “terrorist nations” that stone women in public.

          5) Name “terrorist nations” that execute gay citizens.

          1. See my answer to your duplicate post above.

            I’m not sure what your point is. If particular conduct is immoral or criminal, it is simply irrelevant that somebody else has engaged in conduct that is even worse. The existence of Jeffrey Dahmer does not constitute a “get out of jail free card” for murderers who have killed and eaten fewer than 17 people.

            1. The moral high ground references Dante Alighieri who, 600 years ago, constructed a metaphorical landscape spanning heaven, purgatory and hell. He visualised multiple levels of sin and suffering, and his imagery influences us all to this day, through the exhortations of bible-thumping preachers. Dante’s levels were painted by awestruck artists as a series of rings that went down, down, down like a strip mine in Utah. All murderers suffered on the same level regardless of their body count. There was no point system as in modern video games, or legal exclusions. The hierarchy of crimes was purely categorical and qualitative, so Raskolnikov and Dahmer could be cellmates there.

              It’s natural to want a better accounting scheme than that. The Allies defeated the Axis in World War II, stopping the advance of fascism and the cold-blooded murder of millions in the holocaust, and the enslavement of millions by the Japanese. In doing so, the Allies committed atrocities themselves – bombing civilians in Dresden and Hiroshima. There are way too many possible recriminations, too many sublevels of hell to make logical sense. At the end of the day, you want to know, even as you look down at your bloody hands, that you did the right thing. Did you? What if you had been a conscientious objector or draft dodger? Would that have been more moral?

            2. Hey TxUser. You might gain some insight into the point of those questions if you check the conversations at these two links.

              President Trump highlights Apple in first State of the Union speech

              Analyst: President Trump’s tariff impact on Apple would be just a ’rounding error’

              You’ll notice that during the conversation I had asked the individual in question to stop posting to me and basically I have to answer those questions first, which I won’t do, pretty well for the obvious reason you brought forth here and for the fact that I trust him to continue with his barrage of insults and derogatory remarks even if I do answer the said questions. You’ll also notice in the second link that I’ve provided that the individual in question has asked me to stop posting to him and like a civilized person, I’ve abided by that request, no strings attached.

            3. What a whiny 😫 Libtard, why don’t you cry to Herself next.

              As long as you are totally tone deaf and torture us daily with your sick obsession — you DON’T DESERVE a free pass from me or anyone else.

              You were asked several times by different people to please stop and take it ELSEWHERE. Not a proper topic and we don’t need to hear it DAILY on a tech blog. You’re not worth my time to look it up and repost, but many examples out there.

              “They won’t stop, so we won’t stop.”
              Jack Kehoe (Sean Connery), Molly Maguires, 1969.

  3. Soooo this is not the right approach to China…..for APPLE.

    Trump’s approach to world situations seems to be working out just fine. Apparently Tim never played poker in high school because this is all about how bad things could get for China even though both sides know it won’t go that far.

    On another note, any of you geezers remember when you would get an album that had a great song on it, one of your favorites, but the dam thing had a scratch in it? The rest of the album was OK but you really wanted to play that song yet it would get stuck and the same phrase would play over and over until you just wanted to take the dam record off the platter and smash it against the frickin’ wall.

    Remember that feeling? Yeah, not sure why it popped into my head…..

  4. Is Trump even pushing tariffs anymore? Last we saw, he was on twitter rallying to create jobs for China after they cut him a check for $500 million. It’s only a matter of time before he backs off. Just another crook like the rest of them.

    1. A baseball analogy: Tim Cook is at the plate, bat on his shoulder. Trump is on the mound and he just threw Apple a brushback pitch — sent a message. No different that the time in 1999 when Bill Clinton “accidentally” dropped a bomb down the chimney of the Chinese embassy in Belgrade.

      1. I note a bunch of negative votes for simple factual statements:
        (1) ZTE was subjected to secondary sanctions for doing business with Iran and North Korea in violation of US primary sanctions.
        (2) President Trump has directed his Administration, by tweet, to relax those sanctions because he doesn’t want to upset the Chinese leadership.
        (3) The Administration is still insisting that European companies that do business with Iran will be subjected to the same sort of secondary sanctions, because they don’t care if they upset our European allies.

        The lesson to be learned is that secondary sanctions are not legal penalties against foreign nationals for violating US trade policies, but political bargaining chips that can be negotiated away. The high-tech industry is finding that discovery rather confusing:

        http://www.wired.co.uk/article/donald-trump-zte-tweet-twitter-china-smartphones

    2. Actually, what he wants to do is relieve a Chinese firm from sanctions for doing business with Iran and North Korea… exactly the same thing that he wants to punish European firms for doing.

  5. Well so far the non tariff approach hasn’t been working!

    It seems like business leaders want to continue doing the same thing and hoping for a different result. We all know where that ends up.

  6. Well if anyone was an expert on ‘not having the right approach’ it would be Tim Cook. He’s pretty much had the ‘not right approach’ to apple for sometime now..

    1. “but Trump is a disaster beyond belief.”

      You’re right, just terrible and let me count the ways:

      Threes hostages released without spending billions of dollars.

      First summit with North Korea in history to denuclearize the country.

      Black and Hispanic employment at record highs.

      Employment up and poverty down.

      Sheesh, I could go on and on but it is wasted on the hateful and brainless …

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.