Apple CEO Tim Cook pledges increased investment in China during visit

[MacBook pro 2021 half-open with iPhone 13 lit by the retina display]
Wirestock

* Apple (NASDAQ:AAPL [https://seekingalpha.com/symbol/AAPL]) Chief Executive Officer Tim Cook has pledged to increase investment in China during a visit, even as President Donald Trump threatens to slap tariffs on its foreign-made products.
* Cook met Chinese Minister of Industry and Information Technology Li Lecheng on Wednesday, the agency said [https://mp.weixin.qq.com/s/TVq9urloOCDG6UTbf2qQxg] in a post on its official WeChat account.
* Li urged the iPhone maker to work closely with local suppliers, while Cook said Apple (NASDAQ:AAPL [https://seekingalpha.com/symbol/AAPL]) will boost cooperation with China.
* Earlier this week, analysts at Jefferies suggested that the market may be assuming Apple will be exempt from President Trump’s proposed smartphone tariffs, largely due to its $600 billion investment commitment in the U.S. However, if tensions between the U.S. and China continue to escalate, Apple could face [https://seekingalpha.com/news/4503557-apples-margin-at-risk-due-to-iphone-17-product-mix-and-tariffs-says-jefferies] increased pressure from Trump to shift iPhone production to the U.S., they noted.

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