Apple to invest $1 billion and create 15,000 jobs in Texas

CEO Tim Cook was joined by President Trump in the factory where the Mac Pro is made; they discussed China and whether the iPhone will be made in the U.S.
2:17 | 11/21/19

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:

{{nextVideo.title}}

{{nextVideo.description}}

Skip to this video now

Now Playing:

{{currentVideo.title}}

Comments
Related Extras
Related Videos
Video Transcript
Transcript for Apple to invest $1 billion and create 15,000 jobs in Texas
Next tonight, we are one-on-one with apple's Tim cook, the company breaking ground on a $1 billion facility in Austin, Texas, and promising thousands of American jobs. ABC's chief business correspondent Rebecca Jarvis one-on-one with Tim cook. Reporter: Tonight, apple's big bet in Austin. Investing $1 billion, creating 15,000 new jobs. And what is it about Austin? The talent. Invariably, it's always about people. Reporter: Apple's CEO joined today by president trump, in the Austin factory where the company's most powerful computer, the Mac pro, is made. We're really proud to make the Mac pro here. Reporter: But on the horizon, without a trade deal with China, the threat of new tariffs, as early as December. You could be paying an additional 10% for those phones coming here from China. Would that mean you raise the price of an iPhone for consumers? I don't even want to speculate, because I'm hoping that that doesn't happen. Reporter: After 16 months of negotiations, a deal with China still uncertain. Will there be a trade deal in place before the end of the year? So, I can tell you this, China would much rather make a trade deal than I would. Reporter: Then why haven't they? Because I haven't wanted to do it yet. Reporter: China also happens to be one of apple's most important markets. The world now watching as China cracks down on pro-democracy protesters in Hong Kong. At what point does apple re-evaluate its presence in China? I don't envision apple pulling out of markets. That doesn't seem to serve anybody, particularly the users that are there that are counting on us. Reporter: Is there a line in the sand in your mind where you will not go as a economy if China pressures you? China really hasn't pressured us, and so, I don't envision that. Reporter: David, Tim cook also told me today he believes the U.S. Economy is the strongest economy in the world, but in order for that to continue, the trade situation with China must stabilize and today, the president said he's looking into exemptions for apple if there are additional tariffs on China. David? All right, Rebecca, thank you. In the meantime, that promise of American jobs here at home. There is still much more

This transcript has been automatically generated and may not be 100% accurate.

{"duration":"2:17","description":"CEO Tim Cook was joined by President Trump in the factory where the Mac Pro is made; they discussed China and whether the iPhone will be made in the U.S.","mediaType":"default","section":"ABCNews/WNT","id":"67177186","title":"Apple to invest $1 billion and create 15,000 jobs in Texas","url":"/WNT/video/apple-invest-billion-create-15000-jobs-texas-67177186"}