President Trump is having dinner tonight with Tim Cook, aka “Tim Apple.” This dinner comes on the heels of USTR Lighthizer announcing a postponement of “next step” 10 percent tariffs against Chinese manufactured products… Interestingly, the one of the product groups within the delay is personal computers…. Interestingly, Tim Apple was going to launch production assembly of the Macintosh personal computer in China.
To say that Tim Cook has been attempting to define and quantify the strength of President Trump’s tariff position against China would be an understatement. Even before president-elect Trump took office, Tim Cook was engaged on this specific aspect.
As a responsible steward for the brand, the engagement by “Tim Apple” makes lots of sense. The engaged approach by CEO Cook is what all multinationals should do. Advocate for their interests; keep an open mind to aspects that are larger than self-interest; keep a respectful seat at the table; and be a responsible steward for his American shareholders.
Ultimately Tim Cook is recognizing President Trump will advance those policies that benefit Main Street and he will avoid policies that do not benefit Main Street. Trump’s Main Street economic patriotism is likely a paradigm shift for Cook; amid a career experience of politicians advancing Wall Street interests. Hence, the constant evaluation.
Meanwhile, the strength of Main Street employment continues to show up in the data. Jobs, jobs, jobs drives the Main Street economy. The BLS data release today shows just how many jobs are being created by the ongoing policy of MAGAnomics.
(BLS) Unemployment rates were lower in July in 6 states, higher in 2 states, and stable in 42 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today.
[…] Nonfarm payroll employment increased in 5 states in July 2019 and was essentially unchanged in 45 states and the District of Columbia.
[…] Nonfarm payroll employment increased in five states in July 2019. The largest job gains occurred in Texas (+35,200), Florida (+22,900), and Washington (+13,400). The largest percentage gains occurred in Utah (+0.7 percent), Idaho (+0.5 percent), and Washington (+0.4 percent).