Tim Cook Meets Chinese Premier on Trade Issues

Apple CEO Tim Cook participated in a significant meeting with Chinese Premier Li Qiang and over 20 other global business leaders to discuss trade concerns and supply chain stability in light of Donald Trump's impending second term. The meeting, which was the first high-level engagement since Trump's election, did not yield specific action plans and felt somewhat scripted, according to some attendees. Cook emphasized the critical importance of China's supply chain for Apple's operations, noting that approximately 80% of the company's iPhones are manufactured in the country. The discussions come as Trump has threatened to impose higher tariffs on Chinese imports, raising concerns about potential disruptions for American companies, including Apple. While Cook reaffirmed Apple's commitment to invest in China, the company is also working to diversify its production to countries like India and Vietnam. This balancing act underscores Apple's strategy to maintain robust ties with its Chinese partners amidst geopolitical uncertainties.