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Not concerned about Apple because products are built in China



 President Donald Trump speaks at a Rose Garden press conference on the White House in Washington, DC, on January 4, 2019.

Saul Loeb | AFP | Getty Images

President Donald Trump speaks at the Rose Garden of the White House in Washington, DC, on January 4, 2019.

A day after the crunching of dollars in market value on the news of his lowered revenue forecast for the quarter, President Donald Trump said he is unconcerned about the company or its impact on the US economy.

"There are components of iPhone built in the United States," Cook said in the interview. "What people just fixate on because I think it's just a misunderstanding, that they just see where the final product is assembled and said, oh, that's not done in the US This is how a global system works. "

Trump did praise Apple for investing $ 350 billion in the US, seemingly referring to the company's announcement last January that it would repatriate overseas cash in the next five years due in part to new tax laws in the US So he recognized Apple's plans to expand its U.S. Operations, as it announced it wants to invest $ 1 billion in a new Austin campus.

Watch:
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