- Apple CEO Tim Cook and President Trump had a closed-door meeting at the White House on Wednesday.
- They discussed building factories in the United States, China, and tax reform, National Economic Council director Larry Kudlow said on Thursday.
- Apple hasn’t commented on the meeting.
- At the state dinner with French President Emmanuel Macron the night before, Cook sat one seat away from Trump.
Larry Kudlow, director of the National Economic Council, said on CNBC Thursday that Apple CEO Tim Cook had a great meeting with President Donald Trump this week.
Here are Kudlow’s full comments:
Tim Cook was most helpful. I really enjoyed the meeting, I spent a good amount of time with him. And then I came back and we visited POTUS, he has a lot of experience in China, obviously, he was very helpful in making some suggestions.
I might also add, he loves the tax cut and the tax reform. He says it’s great for business, and Apple’s going to be building plants, campuses, adding jobs, lots of business investment. That was the first point he made to President Trump. Anyway, I enjoyed meeting Mr. Cook, it was a great pleasure.
This is the most thorough account so far of the meeting between the president and the CEO of Apple. Apple did not respond to a request for comment.
It’s not surprising that Kudlow brought up China, because before the meeting, Axios reported that one of Cook’s top priorities was to discuss trade and tariffs. Some of Trump’s proposed tariffs could wreak havoc on Apple’s global business and supply chain.
“Looking forward to my meeting with Tim Cook of Apple,”Trump tweeted Wednesday. “We will be talking about many things, including how the U.S. has been treated unfairly for many years, by many countries, on trade.”
Cook also likely wanted to discuss the recent tax reform with Trump – so it’s not surprising that it was the “first point” he made, according to Kudlow. Apple announced in January plans to build a new campus in the United States, and to create 20,000 new jobs. The location of the new Apple campus is still a closely-guarded secret.
Trump has previously said that Apple was planning to build “three big plants” in the United States.
Cook had long been an advocate for a tax system similar to one enacted in December, which will allow Apple to bring hundreds of billions of dollars to the United States. Wall Street analysts expect Apple to announce a significantly expanded plan next week to distribute dividends to investors and buy back its stock with the money.
The meeting took place the afternoon after Trump’s first state dinner with French President Emmanuel Macron.
According to a video posted by the White House, Tim Cook sat one seat away from Trump at the dinner.
Here’s the full Kudlow clip:
Here’s a short clip of the White House state dinner:
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