Trump promises tax incentives to Tim Cook to start manufacturing Apple products in the USA

Trump promises tax incentives to Tim Cook to start manufacturing Apple products in the USA

During campaign President-elect Donald Trump repeatedly said that Apple should manufacture its own products in United States of America with “Made in USA” Labels and give employments to American peoples rather than in China.

According to New York Times, Trump has said the same thing directly to Apple CEO Tim Cook to start manufacturing Apple products in the United States of America. Trump also promises that he would create the tax incentives for Apple “Made in USA” for low costing because building iPhones in U.S. would double the production costs as compare to China.

Trump also promises that he would create the tax incentives for Apple “Made in USA” for low costing because building iPhones in U.S. would double the production costs as compare to China.

In an interview with the New York Times, Trump said I got a call from Tim Cook at Apple, and I said, ‘Tim, you know one of the things that will be a real achievement for me is when I get Apple to build a big plant in the United States, or many big plants in the United States, where instead of going to China, and going to Vietnam, and going to the places that you go to, you’re making your product right here.’

Cook reportedly responded & said, ‘I understand that.’ I said: ‘I think we’ll create the incentives for you, and I think you’re going to do it. We’re going for a very large tax cut for corporations, which you’ll be happy about.’ Trump continue to promise a large tax cut for corporations and less regulations so that it may be easier for Apple to manufacture in USA.

Beside that Japanese Nikkei reports that Key Apple assembler Hon Hai Precision Industry, also known as Foxconn Technology Group, has been studying the possibility of moving iPhone production to the U.S. with “Made in USA” labels.

Apple has already asked contract manufacturers Foxconn and Pegatron to look into assembling iPhones in the United States While Foxconn agreed but Pegatron declined to formulate such a plan due to cost concerns. 

So let’s see what happens.. Let us know in the coments

Via 9to5mac
Trump promises tax incentives to Tim Cook to start manufacturing Apple products in the USA Trump promises tax incentives to Tim Cook to start manufacturing Apple products in the USA Reviewed by iMangoss on 10:10:00 PM Rating: 5

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