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Benzinga
Benzinga
Business
Shomik Sen Bhattacharjee

Tim Cook Gifts Trump 24-Karat Gold-Based Plaque After Winning Exemption From 100% Chip Tariff

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Apple CEO Tim Cook on Wednesday presented President Donald Trump with a one-of-a-kind, U.S.-made glass plaque and walked away with an assurance that Apple's expanding "American Manufacturing Program" will spare the company from a looming 100% tariff on imported semiconductors and chips.

What Happened: Cook handed Trump a circular slab of Corning Gorilla Glass etched with the presidential seal and Cook's signature, mounted on a 24-karat-gold base fabricated in Utah. "It is a unique unit of one," Cook told reporters, noting that the piece was designed by a former Marine who now works for Apple.

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