Trump tariffs: Why Apple picks China for manufacturing? CEO Tim Cook’s striking reply; ‘It’s not cheap labour…’ | Watch
Trump tariffs: Apple chief executive officer (CEO) Tim Cook has clarified that the American multinational tech bellwether chooses China for manufacturing not because of the South Asian nation’s low labor cost but because of its ‘great tooling skills’. The tech billionaire’s comments assume significance amid the critically escalating trade war between the world’s two biggest economies.
In a video shared on ‘X’ (formerly Twitter) by an analyst, Apple CEO Cook is heard explaining that there is ‘”confusion” about China. Giving his opinion, Cook said, “The popular conception is that companies come to China because of low labor costs.