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Apple CEO Tim Cook will move iPhone production back to the U.S. because he sees it as the right thing to do, the president-elect said in an interview with Axios.

"I really believe he loves this country and I think he'd like to do something major here. And I told him, I said, 'Tim, it's going to be a big achievement the day you start building some of your big plants in this country instead of other countries.' And I think he's got his eyes open to it. I think he's got his eyes open to it." — Donald Trump

The reality: With the exception of some computers made in the U.S. and Ireland, nearly all of Apple's hardware products are made by outsourcing partners in Asia. Apple reportedly asked its Chinese suppliers what it would take to relocate production of the iPhone stateside, but cost is the biggest barrier. Apple has also long said that it has better access to skilled workers in China. And building the iPhone here would lead to higher prices for consumers.

De ja vu: Trump isn't the first president to ask Apple to bring jobs back to American soil. When President Obama asked how it could be done back in 2010, Apple's late CEO Steve Jobs said bluntly, "Those jobs aren't coming back."

Go deeper

Wall Street braces for more turbulence ahead of Election Day

Illustration: Eniola Odetunde/Axios

Wall Street is digging in for a potentially rocky period as Election Day gets closer.

Why it matters: Investors are facing a "three-headed monster," Brian Belski, chief investment strategist at BMO Capital Markets, tells Axios — a worsening pandemic, an economic stimulus package in limbo, and an imminent election.

Dave Lawler, author of World
3 hours ago - World

How Biden might tackle the Iran deal

Photo illustration: Aïda Amer/Axios. Photo: Drew Angerer/Getty Images

Four more years of President Trump would almost certainly kill the Iran nuclear deal — but the election of Joe Biden wouldn’t necessarily save it.

The big picture: Rescuing the 2015 Joint Comprehensive Plan of Action (JCPOA) is near the top of Biden's foreign policy priority list. He says he'd re-enter the deal once Iran returns to compliance, and use it as the basis on which to negotiate a broader and longer-lasting deal with Iran.

Kamala Harris, the new left's insider

Photo illustration: Eniola Odetunde/Axios. Photo: Joe Buglewicz/Getty Images     

Progressive leaders see Sen. Kamala Harris, if she's elected vice president, as their conduit to a post-Biden Democratic Party where the power will be in younger, more diverse and more liberal hands.

  • Why it matters: The party's rising left sees Harris as the best hope for penetrating Joe Biden's older, largely white inner circle.

If Biden wins, Harris will become the first woman, first Black American and first Indian American to serve as a U.S. vice president — and would instantly be seen as the first in line for the presidency should Biden decide against seeking a second term.