Apple pledges more investments in US

Ann Santiago
January 19, 2018

Apple on Wednesday announced plans to spend more than $350 billion and add 20,000 jobs over the next five years.

Throughout his campaign, Trump went after Apple and other companies for manufacturing their products overseas. The company refused to bring back its cash to the USA under the old tax code saying the tax penalty would be too high. Cook also believes that a company like Apple could only have been founded in America and they have a responsibility to give back to the country, "one of the ways to do that is to create jobs", said Cook.

President Donald Trump called Apple CEO Tim Cook to thank him for the company's decision to repatriate hundreds of billions of dollars in cash to the U.S. But under the new tax law, the company can bring back the money at a reduced rate.

"I hope - I have that faith - that it will be used for great goal for the country, whether that's infrastructure or education, or what have you, that will further supply jobs in the U.S", Apple said about the $38 billion tax payment.

President Trump tweeted that Apple's decision is a "huge win for American workers and the US!" And now, with this new facility that's being built, Apple isn't just strengthening its commitment to Nevada, it's helping to remake downtown.

He also attributed his policies for allowing Apple to bring "massive amounts of money" back into the U.S.

"Just as the president promised, making our businesses more competitive internationally is translating directly into benefits for the American worker, through increased wages, better benefits, and new jobs", White House spokeswoman Lindsay Walters said.

"Financial analyst Gene Munster told NPR, "[Apple's] testing have found that people really want to talk to someone for support that's based in the country that they're calling from and so Apple their biggest base so they want to accommodate that".

Other reports by

Discuss This Article