Newsom criticizes Tech Sector’s Trump-Era Concessions,Offers Nuance on Tim Cook‘s Actions
California Governor Gavin Newsom publicly critiqued the tech industry’s willingness to accommodate the Trump administration,singling out Apple CEO Tim Cook’s presentation of a custom-made trophy to the former president as an example of “crony capitalism.” Speaking to industry leaders, Newsom acknowledged the pressures faced by companies like Apple with important reliance on international markets, particularly China, but expressed disappointment over perceived preferential treatment gained through political engagement.
the exchange occurred during a recent interview where Newsom referenced a social media video satirizing the tech sector’s perceived deference to the Trump administration. When the conversation turned to Cook’s gift – a $100,000 glass sculpture on a 24k gold base presented during a meeting in the Oval Office earlier this year – Newsom stated, “It breaks my heart a little bit.” He framed the situation as a disparity in access, contrasting Cook’s direct line to the administration with the struggles of California farmers and small businesses unable to secure tariff exemptions.
“He was able to make a phone call that no small business in my state could’ve made,” Newsom said.”That is by definition crony capitalism.(…) But back to the generous analysis. That’s called being a fiduciary. Doing what he needs to do on behalf of his shareholders. That’s his job. So do I begrudge that? Yes. But do I begrudge him? Not as much. But what I do begrudge is the tone and tenor that this administration has set. And the expectations they’ve set, that if you don’t do the bidding, if you don’t write the check, you don’t get the contract.”
Newsom emphasized his criticism extended beyond Cook, aiming to address the broader dynamic where companies felt compelled to engage with the Trump administration to protect their interests. The governor’s remarks highlight ongoing debate about the responsibilities of corporations in navigating complex political landscapes and the potential for undue influence through financial contributions and gestures.
