President Donald Trump's administration has been predicting its barrage of tariffs targeting China will push Apple into manufacturing the iPhone in the U.,S. for the first time. But that's an unlikely scenario even with U.S tariffs now standing at 145% on products made in China — the country where Apple has been making most of its iPhones since the first model hit the market 18 years ago. The disincentives for Apple making the shift include the complexity of a supply chain that the company began building in China during the 1990s, the time required to build new plants, and the economic forces that could triple the price of an iPhone.

Apple CEO Tim Cook will take a more than 40% pay cut this year from a year earlier as the company adjusts how it calculates his compensation. Apple Inc. said in a regulatory filing that Cook's target total compensation is $49 million for 2023. Last year the company conducted a shareholder vote on executive pay. Apple said its compensation committee took into account shareholder feedback, the company's performance and a recommendation from Cook, who was promoted to CEO in 2011, to adjust his compensation in light of the feedback received.

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SAN RAMON, Calif (AP) — Apple CEO Tim Cook will take the witness stand this Friday in a high-stakes courtroom battle over the lucrative commis…

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