Apple's Tim Cook meets with Trump as tariffs loom

• Why it matters: Apple makes nearly all its iPhones in China, though supplier Foxconn said this week it has enough manufacturing capacity to make U.S.-bound iPhones outside China if it needs to. China is also a key market for Apple in terms of sales.

Context: Cook was in D.C. to attend a meeting of the American Workforce Policy Advisory Board, Trump and his daughter Ivanka told reporters.

Go deeper: Trump's newest tariff threat could raise iPhone, Nike shoe prices