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Photo: Brittany Hosea-Small/AFP/Getty Images

Apple is moving the production of its Mac Pro desktop from the U.S. to China even as trade tensions grow between the 2 countries, the Wall Street Journal reports.

Why it matters: The company has invested hundreds of millions of dollars into manufacturing the computer in the U.S., and that money will now be going to China, says the WSJ. An Apple spokesperson told the WSJ that all products are still designed and engineered in the U.S., and some components are U.S.-made.

The big picture: The WSJ reports that although the Mac Pro isn't one of Apple's biggest products, the decision has outsized importance. Its dependence on Chinese manufacturers has become a sore point with President Trump as his trade war with China continues. Trump's tariff threats against China could raise the cost of Apple's products, such as the iPhone.

  • Apple invested $100 million in Austin, Texas, in 2013 to manufacture the computer following backlash over outsourcing to China, per WSJ.
  • Within the last 2 years, Apple announced a second campus in Austin for customer support and operations, but not plans for new manufacturing plants in the U.S.

Details: WSJ says shipping costs will be lower for Apple because of the proximity of the Apple facility in Shanghai to their other suppliers in Asia.

Go deeper: Apple's Tim Cook meets with Trump as tariffs loom

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1pm the day after the article is transmitted.

Dan Primack, author of Pro Rata
2 hours ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.