Trump threatens Apple: Zölle because of Cook’s absence on Middle East trip!
Trump threatens Apple: Zölle because of Cook’s absence on Middle East trip!
Vereinigte Arabische Emirate - President Donald Trump has had sharp criticism of Tim Cook, the CEO of Apple, in the past few days. The tensions began to take part in a trip to the United Arab Emirates and Saudi Arabia on a trip with Trump. During this trip, Trump made it clear that he was dissatisfied with Cook and threatened to continue with drastic measures against Apple in the event of a continuation of this misery.
After his return from the Middle East, Trump expressed his intention to introduce 25 percent in-imports on iPhones that are not manufactured in the United States. This threat could have a significant impact on Apple's operation, the products of which come to a large extent from fines abroad. In particular, the President's criticism of Apple's global manufacturing practices, which he found unjust, could further exacerbate the already tense situation. Trump asked Cook to stop the construction of production facilities in India.
Current market developments
Trump's aversion to Cook also seems to burden Apple's stock market. According to Silicon Valley in the past few weeks and has now been behind Microsoft and Nvidia in the ranking of the largest company. At the beginning of May Apple was still the largest company in the world, but it is now only in third place. This downward development was influenced by a variety of factors, including the announcement of Openai, a startup co-founded by a former Apple designer that focuses on AI hardware.
On Thursday, Apple's share price fell by 0.5 %, which suggests the possibility of a seventh successive negative trading session. Analysts are increasingly concerned about Apple's ability to remain competitive in the field of artificial intelligence. The general market mood is also burdened by political risks, such as the recent downgrading of the US loan by Moody’s and worried about the US deficit.