- Apple CEO Tim Cook has met Donald Trump at least five times in the past year as the president wages a trade war with China.
- The most recent meeting took place on Friday. Trump tweeted: "Dinner tonight with Apple's Tim Cook. They'll spend huge sums in the US!"
- There are indications that Cook's open dialogue with Trump has benefited Apple, which this week gets the company an exception to Trump's 10% import duties in China.
- Visit the Business Insider website for more stories.
Apple CEO Tim Cook has met with Donald Trump at least five times in the past year in a desperate bid to keep the US president aside while waging a trade war with China.
Cook has been on a charm offensive with Trump, whose latest installment took place Friday when the two sat down for dinner while the president is on a work holiday at his golf club in Bedminster, New Jersey.
"Have dinner tonight with Apple's Tim Cook. They will spend huge sums in the United States! ” Trump tweeted Friday night.
This is the fifth time we know that the pair has been together since August last year, and the meetings coincide with US-China trade tensions becoming more intense. This is not good news for Apple, which relies on Chinese manufacturing to manufacture its most lucrative products, including iPhones and iPads.
Cook and Trump met late June, in addition to the talks held in April and March of this year, the latter of which was when Trump famously referred to Cook as "Tim Apple." Trump and Cook also sat down in August 2018.
Read more: Trump just referred to Apple's CEO as & # 39; Tim Apple & # 39;
Between these five meetings, Cook has also been involved in other White House initiatives. In February of this year, he joined Trump's U.S. Workforce Policy Advisory Board, while in November 2018, Apple CEO promoted science, technology, engineering and math education by visiting an Idaho school with Ivanka Trump.
There is evidence that Cook's open dialogue with Trump has benefited Apple. Only this week, the Trump administration said Apple's MacBooks and iPhones would get a temporary reprieve from the 10% tariff it introduces for some products imported from China. This sent Apple shares up 4% on Tuesday.
Without delay, Apple coincided with a press release on Thursday boasting its contribution to the US economy – a message that may have prompted Trump's comment about the company "spending big sums" in America. In the release, Apple said they spent $ 60 billion with U.S. suppliers last year, supporting 450,000 jobs.
Cook has previously been optimistic that the trade war will resolve itself. "I'm optimistic because trading is one of those things where it's not a zero-sum game. You know you and I can trade something and we can both win. And that's why I'm optimistic that they two countries will fix it and life will continue, ”he said in September.