constant basis. there are some good signs. thank you. one interesting thing to note, the infamous china trade hawk peter navarro is going to be in tomorrow s meeting. earlier this year, the treasury secretary steven mnuchin boxed navarro out of talks with china, so the fact the president wants him there, obviously to send a single to china that the president wants to hold a hard line in terms of trying to level that trade playing field. one of the incentives the white house is considering, shannon, is to delay the implementation of increased tariffs on some $215 billion of chinese goods. 10% now, scheduled to go up to 25 percent on january 1st beer the white house playing with the idea of delaying that increase to april 1st to give both sides more time to work out an agreement. again, whether or not they do implement that delay really depends on how things go tonight. here in windows are as.
to businesses losing valuable talent, cause disruptions in the work force, and will result in significant costs. now, this letter goes on to say studies by economists across the idealogical spectrum have determined that if congress fails to act, our economy could lose $215 billion in gdp. now, one of the fortune 500 companies reaching out to congress is johnson & johnson. it did so after an employee financial analyst wrote a emil to the ceo revealing she s a daca recipient. that analyst is joining us from boston. daniela, how brave of you to write this e-mail. why did you decide to go all the way to the top? to e-mail the ceo? i had to reach out to him because it was an extremely urgent and personal matter to me. and so i wanted toch reach out to someone who could do something about it. and my hope was that in reaching out to him, it would become
profits back home. think about $215 billion worth of money. remember, apple is making so much money with its overseas production model that they literally had more money than they know what to do with. it can sit in bank accounts overseas. they say it will create 20,000 u.s. jobs, invest an extra $30 billion in u.s. facilities. and give $2500 employee bonuses, but not for the highly paid employees. tim cook said the tax cut is the real driver here, one of the reasons why they re able to, you know, ramp up their investment in the u.s. we have a deep sense of responsibility to give back to our country and the people who help make our success possible is what he said in a statement here. you know, they already said they were going to be ramping up advanced manufacturing in the united states. making investments in domestic manufacturers and the like and some analysts said they were already on track to spend almost all of this, but not quite. i mean, this is because , you know, they re gett
another big win for the president s new tax law. apple now promising to add 20,000 new jobs right here in the united states. and spend billions on its american-based facilityies. this announced after it would pay $38 billion in profits it s been holding overseas. christine romans joins us now. christine? no surprise. corporate tax cuts are a big gift for the world s most valuable company, apple. apple now saying it will ramp up its investment in the united states with some of those proceeds. apple has to bring in some of its foreign profits home, about $215 billion we think. it will pay a $38 billion tax on this, money that goes to the united states treasury. then it will take, with all that money it brings back, it will create 20,000 u.s. jobs with some of it, investing $30 billion in u.s. facilities, including some new data centers and a new corporate campus.
leaders of 100 companies want a permanent fist for daca. google, amazon, coke, ibm, microsoft, facebook. they said they will lose valuable talent. they don t want to disrupt their workforce. it could cost to the tune of $215 billion in growth. experts say it is needed to implement a new program for these folks. this is pressure from companies worth billions of dollars. they employ hundreds of thousands of people. it has been increasingly vocal about social issues, speaking out in favor of gay marriage, immigration. guys, microsoft promised to pay the legal fees of any employee facing deportation in this daca crisis. chris? all right. christine, appreciate it. thanks for keeping us up to speed. former sheriff john arpaio jumping into the arizona senate