AFP/Getty Images Like Bing Crosby and Bob Hope in their famous “Road” movies, President Donald Trump and Apple CEO Tim Cook make strange bedfellows. But there is a close bond between the two men that will be on display later Wednesday when Cook gives the president a tour of the new $1 billion Apple AAPL, -0.59% manufacturing plant in Austin.
Apple’s new campus will employ 5,000 people when it opens in 2022. The company has said it would make its new Mac Pro at an existing plant in August, reversing earlier plans to move production overseas. Trump will tour the facility at 2:20 p.m. Central Time.
Mexico and Canada are ‘ready to flee’ the new Nafta deal
President Trump warned Wednesday that Mexico and Canada are “ready to flee” the new trade pact to replace the Nafta deal. The president is impatient that the USMCA hasn’t been approved by Congress. In a tweet, the president called Speaker of the House Nancy Pelosi the “least productive” Speaker in history. Last week Pelosi said she aims to approve the new deal by the end of the year.
U.S.-China trade deal hits a wall
Trade talks between the U.S. and China are on the verge of unraveling the Trump administration’s plan for a limited “phase-one” pact this year, according to the Wall Street Journal, citing former administration sources and others.
The Dow Jones Industrial Average DJIA, -0.30% and the S&P 500 index SPX, -0.18% have been downbeat on the report.
Read: Wall Street doubts grow as U.S. and China struggle to finish off ‘skinny’ trade deal
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