Apple Makes 'Essentially Extortion' Payment to China

Apple company CEO Tim Cook agreed to pay the Chinese essentially a $275 billion extortion payment to make sure that Apple would no longer run afoul of various Chinese economic regulations," trade expert Alan Tonelson said last week.Tonelson was referring to the news, first reported on The Information site, that Cook had in 2016 signed a five-year, 1,250-word memorandum of understanding with