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Ina Fried/Axios

Apple CEO Tim Cook said Tuesday that the company is investing in U.S. manufacturing and hopes to continue to do final assembly of the Mac Pro here.

Why it matters: It was reported that Apple was asking for a tariff exemption related to the Mac Pro, but that was apparently so it could bring partially assembled goods into the U.S. for final assembly without tariffs. President Trump had tweeted in response that Apple should do its manufacturing here and wouldn't get any tariff relief.

"We’ve been making the Mac Pro in the US; we want to continue to do that," Tim Cook said on a conference call following its quarterly earnings report. "We’re explaining that and hope for a positive outcome."

Between the lines: Apple basically wants to continue what it has been doing, which is to do as much manufacturing in the U.S. as makes sense, in this case doing final assembly of the high-end desktop here, while key components remain made in China. That's the same set-up Apple has with the current Mac Pro, which is the company's only major hardware product assembled domestically.

If it faces tariffs, it could make doing so economically unfeasible and prompt the company to actually shift production to China.

Apple announced the new Mac Pro, years in the making, at its developer conference in June. It has yet to announce pricing for the desktop computer, which will go on sale later this year.

Go deeper: Axios First Look at Apple's new Mac Pro

Go deeper

Updated 46 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. State of play: New coronavirus cases down, but more bad news ahead.
  2. Politics: Biden set to immediately ramp up federal pandemic response with 10 executive actions — Scoop: Joe Biden's COVID-19 bubble.
  3. World: Biden will order U.S. to rejoin World Health OrganizationBiden to bring U.S. into global COVAX initiative for equitable vaccine access.
  4. Vaccine: Amazon offers to help Biden administration with COVID vaccine efforts.
Dion Rabouin, author of Markets
2 hours ago - Economy & Business

First glimpse of the Biden market

Photo: Jonathan Ernst-Pool/Getty Images

Investors made clear what companies they think will be winners and which will be losers in President Joe Biden's economy on Wednesday, selling out of gun makers, pot purveyors, private prison operators and payday lenders, and buying up gambling, gaming, beer stocks and Big Tech.

What happened: Private prison operator CoreCivic and private prison REIT Geo fell by 7.8% and 4.1%, respectively, while marijuana ETF MJ dropped 2% and payday lenders World Acceptance and EZCorp each fell by more than 1%.

Mike Allen, author of AM
3 hours ago - Politics & Policy

Biden-Harris, Day 1: What mattered most

President Joe Biden and first lady Dr. Jill Biden arrive at the North Portico of the White House. Photo: Alex Brandon-Pool/Getty Images

The Axios experts help you sort significance from symbolism. Here are the six Day 1 actions by President Biden that matter most.

Driving the news: Today, on his first full day, Biden translates his promise of a stronger federal response to the pandemic into action — starting with 10 executive orders and other directives, Caitlin Owens writes.

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