Democrats slammed the Trump administration for allegedly favoring sector-specific companies by giving them the ability to bypass the fallout from tariffs with a Saturday exemption of electronics from “reciprocal” tariffs imposed on countries across the globe, including China.
Smartphones, computers, routers and semiconductor chips were all excluded from the president’s heightened taxes, leaving room for companies like Apple, which has a host of plants in China, to escape an uptick in price costs for consumers amid the onset of new tariffs.
“Apple CEO Tim Cook donated $1 million to Donald Trump’s inauguration. Looks like he’s getting a big return on his investment,” Sen. Elizabeth Warren (D-Mass.) wrote in a Saturday post after learning of the news.
Cook donated $1 million to President Trump’s inaugural fund, as did Amazon founder Jeff Bezos and Meta CEO Mark Zuckerberg.
He also met with the Republican candidate at Mar-a-Lago a month prior to his return to the White House.
Trump recently announced a 10 percent baseline tariff on nearly all foreign imports in an effort to boost American manufacturing.
“Trump’s on-and-off-again tariffs leave the door wide open for billionaire corporations to suck up for corrupt deals — while leaving small businesses, farmers, and families out in the cold,” Warren wrote in a subsequent post, urging Congress to “rein in” the president’s tariff authority.
Sen. Chris Murphy (D-Conn.) echoed his Warren’s concerns.
“The tariffs are just a regime to reward big businesses like Apple that can make giant contributions to Trump. Tim Cook gave $1 million to Trump for his inauguration,” the lawmaker wrote in a Saturday post.
Some believe the company may be receiving special treatment after announcing in February that it plans to spend more than $500 billion in the United States and hire more than 20,000 people over the next several years.
Democratic Senators introduced a measure seeking to check Trump’s trade authority as policies fluctuate daily. GOP legislators signed on in support of the act with hopes of mitigating uncertainty for the American people.
House Democrats may be looking to take a similar form of recourse after the Trump administration’s Saturday announcement left concerns of impropriety.
“Apple CEO Tim Cook gave Trump $1 million for his inauguration. So while working families pay more, Apple gets special treatment,” Rep. Greg Cesar (D-Texas) wrote in a post online, referencing Saturday’s exemptions.
“Trump gets bribes. Billionaires get special treatment. Working people get screwed,” he added.
The Hill reached out to the White House and Apple for comment.