Apple adds $180 billion to its market cap as Trump reveals he spoke to CEO Tim Cook after China tariffs rollback

Quick Summary:

President Trump said he spoke with CEO Tim Cook about Apple’s U.S.investments on Monday.

Apple is particularly vulnerable as much of its supply chain for iPhones, Apple Watches, and iPads operates outside the U.S., primarily in Asia.

Morgan Stanley analysts previously estimated Trump's tariffs could slash the company’s profits by 7% next year, cutting $8.5 billion from its bottom line.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Beatrice Nolan

Category: EconomyBusiness

Markets: United StatesChina

Topics: Tim Cook Donald Trump Apple Tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 10:28:52 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 520 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 130 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28672768

View Article Analysis

About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 57 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #95

Publisher Details

Frequently Asked Questions