Apple CEO Tim Cook gifts Trump 24-karat gold trophy at White House
Wednesday, August 6, 2025
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Tim Cook presented President Trump with a custom glass plaque on a 24-karat gold base during an Oval Office ceremony announcing Apple's $600 billion U.S. manufacturing commitment. The plaque featured Trump's name, Cook's signature, and 'Made in USA.' Hours later, Apple was exempted from Trump's new 100% tariff on semiconductor imports.
Why this is Complicity
The administration's tariff regime gives it a way to extract concessions from American companies that want to receive exemptions, distorting the market. The award was symbolic of the transactions and flattery that now shape the American economy rather than competition.