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Economy News

The Economic Times

Economy / The Economic Times

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Apple to reinvest Trump tariff refunds in US economy, says Tim Cook

Apple is actively seeking refunds for tariffs it has paid to the U.S. government. According to CEO Tim Cook, any funds recovered will be directed towards fostering American innovation and enhancing advanced manufacturing capabilities. This effort will complement Apple's ongoing investments in the United States. Additionally, several major automotive manufacturers are also looking forward to similar tariff refunds.

1 May 2026 10:24 am