Last week,
Apple announced a whopping $500 billion investment plan in the United States, aimed at producing more products in the country. While this move may demonstrate Apple's generosity in creating jobs for Americans, the giant tech firm also has expectations from the Trump administration in return for its recent investment.
According to
Bloomberg's Mark Gurman, Apple CEO Tim Cook and Donald Trump may have an unwritten agreement behind the scenes that eventually benefit both sides. Trump gets the hype he wants around his "America First" agenda, and Cook gets a slew of benefits for Apple, which can greatly benefit the company in the long run.
As Gurman says, here is the list of Apple's demands to the Trump administration:
- The reduced risk of tariffs, or at least a reprieve from some of their margin-crushing impact.
- The government to stand up for US tech companies against EU efforts to rein in their power.
- An end to the Justice Department's long-running lawsuit against the iPhone maker.
- Generally good relations between Apple and the federal government.
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