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Why would that change anything? Apple already got the exemptions it wanted. If Trump changes his mind and comes back, they just need to give him another shiny object and a headline.

The tariffs themselves obviously do not have the requisite durability to justify actual high scale capex. It would be quite literally stupid to invest much in US manufacturing just to get undercut in either 1) a few months when courts rule the entire endeavor unconstitutional or 2) a few years when Trump is out of office.



> Why would that change anything? Apple already got the exemptions it wanted. If Trump changes his mind and comes back, they just need to give him another shiny object and a headline.

Because before, the administration was staffed with Bushies who were happy to let things go when the boss lost interest. Now it’s staffed with people who would be happy to burn Apple down.

> The tariffs themselves obviously do not have the requisite durability to justify actual high scale capex… a few years when Trump is out of office. Trump is the moderate one.

When Trump leaves office in 2028, he’ll either be replaced with JD, or a progressive Democrat. The Bush GOP definitely isn’t coming back, and I suspect the Biden Democratic Party isn’t either. Cutting tariffs isn’t going to be a high priority of the incoming administration either way. And even Biden didn’t cut many of Trump’s tariffs from his first administration.




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