Tim Cook has another dinner date with the President

Did they order Chinese? Were tariffs on the menu?

From Business Insider: “Apple CEO Tim Cook has met Trump at least 5 times in a year in a desperate bid to keep him on-side amid the trade war.

Apple CEO Tim Cook has met with Donald Trump at least five times over the past year in a desperate bid to keep the US president on-side as he wages a trade war with China.

Cook has been on a charm offensive with the Trump, the latest installment of which took place on Friday, when the two sat down to dinner while the president is on a working vacation at his golf club in Bedminster, New Jersey.

“Having dinner tonight with Tim Cook of Apple. They will be spending vast sums of money in the U.S. Great!” Trump tweeted on Friday evening.

My take: “Desperate bid” is Business Insider spin. Judging from the results so far, Cook knows exactly what buttons to push, and when.

5 Comments

  1. Dan Scropos said:

    I wish our politicians could have civil discourse and constructive discussions like this. At the very least, they’re able to hear each other out. Two guys I personally have a ton of respect for.

    1
    August 17, 2019
  2. Michael Thompson said:

    The brilliance of Tim Cook once again on display. This can only help Apple. I’m sure that Cook’s entreaties to the Trump administration have helped delay the September 1st planned tariffs on Apple’s main products until December.

    This gives Apple more time to bring in as much product as possible and for its supply chain and contract manufacturers to have time to move its production elsewhere.

    China will be forced to make a deal in America’s best interest or be harmed economically in a potentially permanent manner. Once the supply chain moves, it’s lost forever.

    In the meantime, our economy is NOT headed into a recession no matter what the inversion of the yield curve supposedly presages. The EU is in trouble and China is in trouble, I guess that when the American Gravy Train stops providing gravy, the gravy hungry starve.

    1
    August 17, 2019
  3. Gregg Thurman said:

    “This gives Apple more time to bring in as much product as possible”

    This will be true for everyone that imports product from China. I wouldn’t be surprised to see a a across the board spike in inventories (to the extent that finances allow) come January earnings reports

    2
    August 17, 2019
  4. Fred Stein said:

    For broader perspective on China, the WSJ has this editorial, https://www.wsj.com/articles/has-xi-jinping-stirred-a-backlash-11565968019

    Looking only at the US economy, escalation in the trade war, is risky. If we gain real and lasting concessions it is good. But it could backfire. The hope that concessions, gained under pressure will last, seems foolish.

    Meanwhile, for Apple, moving the manufacturing of the iPhone carries high risk. Apple’s ramp of new models to Apple’s required volume and quality has no precedent, no equal. They do this each year. Few realize how amazing this is. Of course its just one of many amazing Apple accomplishments.

    5
    August 17, 2019

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