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Trump Pushes Apple CEO To Manufacture In US; Promises "Very Large Tax Cuts"
ZeroHedge ^

Posted on 11/24/2016 12:50:24 PM PST by quesney

“I got a call from Tim Cook at Apple, and I said, ‘Tim, you know one of the things that will be a real achievement for me is when I get Apple to build a big plant in the United States, or many big plants in the United States, where instead of going to China, and going to Vietnam, and going to the places that you go to, you’re making your product right here.’ Trump told the NYT on Tuesday.

‘I think we’ll create the incentives for you, and I think you’re going to do it. We’re going for a very large tax cut for corporations, which you’ll be happy about.’ But we’re going for big tax cuts, we have to get rid of regulations, regulations are making it impossible. Whether you’re liberal or conservative, I mean I could sit down and show you regulations that anybody would agree are ridiculous. It’s gotten to be a free-for-all. And companies can’t, they can’t even start up, they can’t expand, they’re choking.


TOPICS:
KEYWORDS: apple; manufacturing; trumptransition; winning
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To: rlmorel

all talk?
ok.
is his empire all talk or real?


21 posted on 11/24/2016 2:09:48 PM PST by Eddie01
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To: Will88
still will not talk about the harm done to our economy and workers by one-sided trade deals

It was always about breaking the Unions, not "free trade" or other egalitarian crap.

The big Unions deserved to be taken down a few notches but not to the extent of dumping the country.

22 posted on 11/24/2016 2:11:26 PM PST by Regulator
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To: Billthedrill

The headline made it sound just like Apple would get the incentives. I’m glad to see the text was inline with the campaign - lower taxes for all corporations, less regulations, etc.

I’m guessing this will be a boon for the union optional states.


23 posted on 11/24/2016 2:14:23 PM PST by 21twelve (http://www.freerepublic.com/focus/f-news/2185147/posts It is happening again.)
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To: Eddie01

No need to be defensive about it.

I am just being realistic. And hopeful. I don’t see a problem with saying I like what I hear, but want to see some real action too.


24 posted on 11/24/2016 2:20:02 PM PST by rlmorel (Orwell described Liberals when he wrote of those who "repudiate morality while laying claim to it.")
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To: Regulator

One of the big reason you want Apple to manufacture in the US is the ripple effect it does for metal and plastic manufacturing and the full train of source materials.

So Apple’s plant — or a US-based Foxconn facility — could be highly automated but still create 10 times the jobs for companies who supply Apple.

And Samsung would certainly follow.

Trump’s correct. We’ve scared manufacturing away with regulations.


25 posted on 11/24/2016 2:21:55 PM PST by poconopundit (`)
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To: stuck_in_new_orleans

That’s Apples way of advertising without being an official advertiser. Apple IS a paid advertiser of the Rush show.


26 posted on 11/24/2016 2:42:00 PM PST by pangaea6
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To: Billthedrill

Apparently, high taxes is only 1/2 the problem.
The other 1/2 of the problem is regulations.
Cutting regulations would be like a huge tax cut for companies. I guess we would also get the added benefit of not needing so many regulators.


27 posted on 11/24/2016 2:51:45 PM PST by Tai_Chung
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To: BenLurkin

Overblown. Suicide rate there is substantially less than the rest of the region. Only reason they’re noted is the concentration and famous name.


28 posted on 11/24/2016 3:02:04 PM PST by ctdonath2 ("If anyone will not listen to your words, shake the dust from your feet and leave them." - Jesus)
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To: Regulator

Under current regulations, making iPhones domestically would price them out of the market completely.


29 posted on 11/24/2016 3:05:20 PM PST by ctdonath2 ("If anyone will not listen to your words, shake the dust from your feet and leave them." - Jesus)
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To: quesney
A recent WSJ article I saw said that Apple has over 300,000 employees in China. That's a lot of Social Security, Medicare Tax, US Federal and State Income Taxes, and related economic potential that is not in this country.

Just like you have to wonder why we buy oil from people who hate us and want to kill us, why do we buy cell phones from people who want to bug our phones, gain secrets etc? American companies who want to sell to American customers should pay Americans to build their stuff.

30 posted on 11/24/2016 3:12:54 PM PST by Bernard (The Road To Hell Is Not Paved With Good Results)
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To: quesney; dayglored
Trump talks to Apple about making its products in the US, promises huge tax cuts for bringing jobs home. Also talking about bringing Apple's cash cache home from off shore to be able to invest it in the US. — PING!


Trump and Apple's Tim Cook
Ping!

The latest Apple/Mac/iOS Pings can be found by searching Keyword "ApplePingList" on FreeRepublic's Search.

If you want on or off the Mac Ping List, Freepmail me

31 posted on 11/24/2016 3:17:10 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: BenLurkin
But where will Apple find American employees who will work themselves to death?

No, not literally. The suicide rate among FoxConn's employees is ridiculously LOW compared to almost any where else you could look. Even at the HIGHEST during the spate of suicides during 2010 to 2011, when a total of 18 employees committed suicide from a population of over 750,000 employees over an 18 month period, that suicide rate was less than 1 per 100,000 per year!

It was FAR LOWER than the 11 per 100,000 per year suicide rate among people of the same age cohorts (18 to 32) attending Ivy League Universities in the United States. It's lower than the 19 per 100,000 per year suicide rate among teenagers and young people in general in the US inner cities. Its far, far lower than the 16 per 100,000 per year suicide rate among the Chinese population in general in the same age cohorts.

In addition, the suicides at FoxConn were not at all associated with Apple products but occurred instead at plants assembling Microsoft Xboxes, Nokia cell phones, Sony Play Stations, and HP computers. The plants making Apple products were over 100 miles away. A third-party international investigative organization found that the suicides were not at all involved with working conditions but were, instead associated with things such as mental illness, love-triangles, and financial incentives associated with the large death benefit that Terry Gou, the CEO was awarding the families of employees who died while working at FoxConn, which could total as much as 25 times the yearly earnings of a worker!

Once Gou changed the death benefit policy, the suicides essentially STOPPPED. In 2013, the suicide rate among FoxConn's 1.5 MILLION workers was ZERO! In 2014, there was ONE suicide. . . TWO in all of 2015.

In other words, the claims that there was some kind of suicide effect caused by working for FoxConn on Apple products were entirely BOGUS, ginned up by an organization based in New York City, China Labor Watch, which has been caught multiple time faking videos, mis-translating into English interviews with workers to distort their comments, and essentially pushing their agenda with phony propaganda.

32 posted on 11/24/2016 3:33:43 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: poconopundit
And Samsung would certainly follow.

No, it would not. Samsung is not headquartered here. . . And the majority of its sales are not here. They have zero incentive to manufacture here.

33 posted on 11/24/2016 3:37:30 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: quesney

Did Obama try anything like this even a SINGLE time during his 8 years? Obama could give a damn about American jobs.


34 posted on 11/24/2016 3:40:39 PM PST by Red in Blue PA (war is peace, freedom is slavery, ignorance is strength, obama loves America)
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To: Bernard
A recent WSJ article I saw said that Apple has over 300,000 employees in China. That's a lot of Social Security, Medicare Tax, US Federal and State Income Taxes, and related economic potential that is not in this country.

No, Apple has very few employees in China. Contract manufacturers have employees in China who work for them. They contract with Apple and other consumer electronic firms to make almost all of the world's electronic products. FoxConn and Pegatron are the two largest of these contract electron assemblers. FoxConn is the largest of them all and has over 500 contracts with name brands of which Apple is just the largest.

Hon Hai Precision Industry Co., Ltd.'s subsidiary FoxConn Technology Group assembles approximately 60% of the consumer electronics in the world according to numerous sources including Wikipedia and the New York Times. Here is a partial list of 52 of FoxConn's largest customers I've been able to compile from news articles where their contractural relationships were mentioned over the past several years, which include the period when the suicides occurred:


35 posted on 11/24/2016 5:04:17 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: Bernard

In addition, FoxConn alone now has over 1.5 million employees spread among 29 manufacturing plants. It is not a Chinese company, but rather a Taiwanese company operating in China.


36 posted on 11/24/2016 5:05:34 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: pangaea6
That’s Apples way of advertising without being an official advertiser. Apple IS a paid advertiser of the Rush show.

No, Apple is not a paid advertiser of Rush's show. When an advertisement is aired, it is required to be officially accounted for and is essentially booked for air-time. These are public records filed with the FCC. Apple is not an Advertiser with EIB or the Rush Limbaugh program. Rush just like Apple products. . . And so do many of his listeners.

37 posted on 11/24/2016 5:16:47 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: Swordmaker

If we demanded they manufacture here or face high tariffs, could they refuse?

The same has happened to automobiles — Toyota, Honda, etc.


38 posted on 11/24/2016 5:21:54 PM PST by poconopundit (`)
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To: poconopundit
If we demanded they manufacture here or face high tariffs, could they refuse?

Then other countries will impose retaliatory tariffs on our manufactured and agricultural goods. That never turns out well.

39 posted on 11/24/2016 5:27:15 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: Regulator

If it costs 30 bucks more that cost will be addedminto the iphone price. Some costs like shipping insurance will go down so they may be able to reduce costs inmother areas. Either way buyers would pay any increases, the company will not cut costs.


40 posted on 11/24/2016 5:47:27 PM PST by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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