
Apple Manufacturing Academy opens in Detroit amid Trump pressure on U.S. production
The smartphone giant opened its Apple Manufacturing Academy in Detroit on Tuesday to offer free workshops on artificial intelligence and advanced manufacturing to small and medium-sized businesses.
Apple stands out as one of the companies most dependent on manufacturing as well as consumers in China. The new academy is a part of Apple's broader $500-billion U.S. investment commitment announced in February.
The academy, which will be administered through a partnership with Michigan State University, will provide training on machine learning, automation and digital manufacturing technologies, with Apple experts helping to lead the workshops.
'We're thrilled to help even more businesses implement smart manufacturing so they can unlock amazing opportunities for their companies and our country,' Sabih Khan, Apple's chief operating officer, said in a news release.
The company also will provide consulting services to businesses, available virtually and in person. Apple plans to add online courses this year that will teach skills such as project management and how to optimize manufacturing processes.
The announcement comes as Apple faces pressure from President Trump and his supporters to bring more manufacturing jobs to the United States. Trump has called for Apple to move iPhone production stateside and is implementing tariffs that probably will raise the company's costs.
On Tuesday, Trump threatened to impose tariffs as high as 25% on Indian imports if the countries cannot complete a trade agreement by Aug. 1. The U.S. also has a 30% baseline tariff on Chinese imports that expires August 12th, with Trump saying duties could rise again without a new deal.
In May, Trump expressed frustration with Tim Cook after the Apple chief executive stated that the company was expanding Indian production to avoid tariffs on Chinese goods. Trump said he reminded Cook of Apple's $500-billion U.S. investment promise and told him: 'I don't want you building in India.'
Apple aims to produce about a quarter of the world's iPhones in India over the next several years as the company works to reduce its heavy reliance on Chinese manufacturing. After building its supply chain in China for decades, Apple has been expanding to other markets including Vietnam and India.
Cook has managed his relationship with Trump since the president's first term, building rapport through direct phone calls and meetings.
His approach proved effective in 2019 when he lobbied Trump personally to exempt iPhones from China tariffs, arguing that the duties would raise prices and benefit competitors such as Samsung. The Trump administration later excluded iPhones and other electronics from the tariff plan.
The Detroit facility builds on Apple's presence in the city, where it already operates an Apple Developer Academy in partnership with Michigan State University that trains about 200 students annually in software development.
Apple currently produces very few products in the U.S. The Cupertino, Calif., company makes the Mac Pro in Austin, Texas, and has announced plans to build AI servers in Houston as well as purchase chips from a Taiwan Semiconductor Manufacturing Co. factory in Arizona.
Experts note that moving iPhone production to the U.S. would be prohibitively expensive.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
Trump's 'big beautiful bill' includes changes to student loan repayment plans — when and how they will affect borrowers
Few things take the shine off a hard-earned degree like a mountain of student debt. And millions of Americans are feeling the weight: The Education Data Initiative says more than 42 million borrowers owe a staggering $1.77 trillion dollars in student loan debt, with the average individual balance topping $38,000. Many of those borrowers may soon see their monthly payments go up, thanks to a section of President Trump's 'One Big, Beautiful Bill' that includes changes to current student loan repayment plans. Here's what you need to know about the President's new repayment process. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now What are my new options? After July 1, 2026, new borrowers will have two choices: A standard fixed repayment plan or the Repayment Assistance Plan (RAP). RAP is an income-based student loan repayment plan that the Trump administration says will simplify the loan repayment process, as it will replace all preexisting income-based plans for new borrowers, such as SAVE, PAYE, REPAYE and ICR. Shop Top Mortgage Rates Personalized rates in minutes A quicker path to financial freedom Your Path to Homeownership RAP, however, is a little less forgiving than the current income-based repayment plan. Your monthly payments will now be estimated based on your adjusted gross income (AGI), which is your total earnings before taxes after certain deductions. Additionally, RAP will no longer cap your payments at a portion of your discretionary income, and monthly payments can range from 1% to 10% of your AGI. Plus, if you were expecting loan forgiveness after 20 or 25 years with the usual IBR plan or after 10 years with Public Service Loan Forgiveness, you need to know that RAP will have a 30-year timeline. And you may not be able to use RAP to fund your entire education, either. In the administration's efforts to combat the rising costs of college, Trump has lowered lifetime borrowing limits, hoping that if students can't take on the whole cost with loans, schools will lower tuition prices. Under RAP, Parent PLUS loans have a limit of $65,000 per child, and graduate students have a lowered limit of $100,000. Note that while all new borrowers are required to enroll in either RAP or the standard fixed plan after July 1, 2026, current borrowers can remain on the present income-based repayment plan. Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. Which plan is best for me? If you are a new borrower and aren't planning to borrow until after July 1, 2026, you'll have to choose between RAP or the standard fixed plan. How will you decide which one to go with? Consider what you can afford month-to-month. RAP offers lower payments initially, but it will start to climb when your income does. With the standard plan, you can expect the same fixed amount every month until the loan is paid off. While payments with RAP may be lower, your total loan balance can take much longer to be paid off or forgiven versus the standard plan, which has a fixed rate up to 10 years. That could also mean a little less interest overall, assuming you're making timely payments. If you are already enrolled in an income-based payment plan, start preparing for incoming deadlines. Current income-driven plans such as SAVE, REPAYE, PAYE and ICR will all be phased out by July 2028, so consider switching to IBR before then if you don't want to be on RAP or the standard plan. How can I prepare? Tackling student loans is a daunting task, and the idea of mounting debt makes the idea of a college education stressful for students and their parents. Mentally preparing and budgeting for student loan debt may help you prepare to take on payments after you graduate. Make sure to track what you need to borrow each semester, and keep an eye on your loans using the National Student Loan Data System, a national database about loan and grant information. While the job market can be volatile and unexpected, try to borrow no more than what you expect your first year's salary to be after you graduate. While you are in school, consider making a 'practice budget' based on your estimated monthly payments, which you can figure out using a loan simulator. And even better, start making small payments right after you take out the loan instead of waiting for graduation: Small payments early on can save a lot in interest later on. What to read next Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Business Insider
29 minutes ago
- Business Insider
Apple's 'BlackBerry Moment'
Do you remember the BlackBerry? If you're younger than 30, you probably think I'm talking about the fruit. Nope. The BlackBerry was by far the most popular smartphone 20 years ago. Back in the mid-2000s, everyone used and loved its QWERTY keyboard and the ability to get emails instantly. Gasp! They were actually really cool. I loved mine, and I was late to trade it for a new device called the Apple iPhone. You may have heard of this one! BlackBerry was among the most valuable companies in the world and the pride of Canada, where it was founded. The stock peaked at more than $140 in May 2008, then plunged as consumers adopted the iPhone en masse over the ensuing years. BlackBerry shares trade at about $3.65 these days. That's epic value destruction of more than 97%. What went so wrong? BlackBerry had an amazingly profitable existing business. Competing with Apple would have meant throwing away this formula for success and probably cratering revenue and income. It's very hard for a public company to pivot radically like this. Shareholders don't like it — they want steadily growing income, not wild swings and big risky bets. So, BlackBerry stuck to its guns for a few years, and by the time it had to change, it was too late: Everyone was already addicted to their iPhones, not their " CrackBerries" (as BlackBerries used to be called). Apple won the mobile revolution, hands down. Its stock has risen more than 3,000% since May 2008, and is now worth $3.33 trillion. A new tech revolution has begun, though. Generative artificial intelligence is remaking the industry in radical ways, and there's concern among some on Wall Street that Apple could be facing its own "BlackBerry Moment" now. This catchy phrase was in the title of a new research note on Friday by Dan Ives, a tech analyst at Wedbush Securities. In a striking departure from his typically bullish tone, Ives issued a stark warning to Apple: Move aggressively into AI or risk becoming the next BlackBerry. While rivals such as OpenAI, Microsoft, Google, Meta, and Amazon surge ahead in AI innovation, Ives said Apple is "on a park bench drinking lemonade," watching, rather than getting in the race. With 2.4 billion iOS devices and 1.5 billion iPhones in circulation, the company holds an unparalleled platform, but it risks squandering that lead without a bold AI play, Ives wrote. The analyst outlined three strategic imperatives for Apple to avoid a BlackBerry moment: Acquire Perplexity: The AI-native search engine startup could serve as a cornerstone of a revitalized Siri. Ives called Perplexity's tech "some of the most impressive in the AI world" and argued a +$30 billion acquisition would be a small price relative to Apple's potential AI monetization upside. ("We are unaware of any M&A discussions that involve Perplexity," a spokesperson for the startup said.) Bring in AI Talent from the Outside: Apple's innovation pace has stagnated, Ives said, comparing recent product launches to reruns of " Back to the Future." He urged Apple to shake up its executive ranks with outside AI leaders, warning that the current team, including Tim Cook, is running in place. Double Down on Google's Gemini: Despite regulatory headwinds, Ives believes Apple must fully embrace Google's Gemini AI chatbot for deep integration into the iPhone ecosystem. OpenAI is not a viable long-term partner, he said, and time is running out for Apple to place its bets. When Apple fanboys get upset at their beloved company, it's time to pay close attention. The message is clear: Cupertino must stop watching the AI party from afar and start leading it. (I asked Apple for comment on all this on Friday. It didn't respond.)


The Hill
29 minutes ago
- The Hill
Scaramucci: 50-basis-point cut from Fed possible next month
President Trump's former communications director Anthony Scaramucci on Friday said the Federal Reserve could reduce the interest rate following the onslaught of tariffs. 'I think the economy is weakening and you may even get a 50-basis-point cut from the Federal Reserve in September,' Scaramucci told MSNBC. Trump has been urging Federal Reserve Chair Jerome Powell to lower rates and has threatened to nix him over inaction. However, ultimately the leader decided against the move in an effort not to rattle the markets. Economists who previously predicted a recession due to fluctuating trade policy have now seen gains and some including 'Shark Tank' investor Kevin O'Leary have lauded Trump for negotiating tariff rates expected to generate billions. 'The economy is doing better than people had expected, but I think that's a lot of front-loading, Joe. And just to use that Wall Street term, people are looking at those tariffs, they front-loaded a lot of activity before those tariffs went into effect, the result of which you've had decent numbers now, but you are seeing some deceleration,' Scaramucci said earlier on the segment. 'And of course, a lot of American companies, like General Motors, who took an $800 million charge to absorb some of those tariffs, are not going to be able to do that permanently unless there's more flexibility on the tariffs. So it's a mixed bag, in quick summary,' he added, evaluating the financial impact of Trump's first six months in office. White House trade adviser Peter Navarro said the Fed may have cut interest rates earlier if recent job reports were more accurately presented. The Bureau of Labor Statistics reported that 73,000 jobs were created last month after correcting May's report to reflect the creation of 19,000 jobs compared to an initial report of 144,000. The Bureau also corrected the number from June to 14,000 job adds after an initial report of 147,000. 'It's is that if we had gotten that data when, when we should have got that data, the Federal Reserve yesterday would have lowered interest rates by at least 50 basis points. So you think so kind of incompetence or political no question about it,' Navarro said during an appearance on NewsNations' 'The Hill with Blake Burman. 'I mean, look, you had three months that were two months that revised significantly downward, one which was lower than expectations. I mean, the Fed, that's a completely different picture. I mean, there was a strong case for a 50 day there's an overwhelming case for a 50 basis point cut,' he added.