The United States government is trying to get Apple out of China, threatening to slap its products with tariffs unless it moves production back home. In response, Apple has promised to invest US$500 billion in the U.S, building plants from coast to coast and hiring 20,000 people over the coming four years. At the same time, it’s ramping up assembly operations in India and Vietnam.
And yet Apple has made such promises before: During Donald Trump’s first presidential term, it said it would build three new plants in America; instead, it ran out the clock on Trump. Apple’s leadership concluded that leaving China would be far too risky.
Why?
