Tech

White House confirms Trump will visit Apple's manufacturing plant in Austin

Key Points
  • President Trump will visit Apple's Austin, Texas, manufacturing plant on Wednesday.
  • Apple announced its new Mac Pro will be assembled at the Austin factory after winning tariff exemptions from the Trump administration in September.
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How Apple CEO Tim Cook won over Trump amid a trade war

The White House confirmed on Sunday that President Trump will tour Apple's manufacturing plant in Austin, Texas, on Wednesday.

Reports first surfaced in the past week that a Trump visit to Apple's Austin factory, where the new Mac Pro will be assembled, was in the works.

Apple shifted its Mac Pro assembly to a facility in Austin, Texas, in September after a round of tariff exemptions for computer parts the company won from trade regulators.

Apple CEO Tim Cook has been lauded for his relationship with Trump at a time when domestic manufacturing and the trade war with China could seriously harm Apple's existing business model. The Apple CEO has met one-on-one with Trump, including private dinners, as Apple faced the threat of tariffs on its products this year.

Apple has trumpeted its overall investment in the U.S. since Trump took office in 2017, including a planned $350 billion "contribution" to the U.S. economy and a "job footprint" that has grown to 2.4 million in the U.S.

Apple directly employs about 130,000 people.

Apple also has avoided the intense antitrust scrutiny faced by some of its rivals like Amazon and Google.

The Mac Pro is not a major driver of Apple revenue or profit. Apple's most profitable and popular products are made in China. But the tariff exemptions for most of the Mac Pro's parts are seen as a win for both the company and Trump, who can boast about domestic manufacturing jobs.

Apple's shares are up nearly 70% this year, almost tripling the return of the S&P 500 Index.

CNBC's Steve Kovach contributed to this report.

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Tech

Apple's CEO is about to take a victory lap after charming Trump over tariffs

Key Points
  • Apple CEO Tim Cook and President Donald Trump are expected to tour Apple's factory in Austin, Texas where the company's new Mac Pro will be assembled.
  • The tour comes after Apple won tariff exemptions from regulators on Mac Pro parts.
  • Cook has been playing a long political game with Trump, and he's winning in a bigger way than any other big tech executive.