Welcome to 95 Mac Daily for Monday, May 4th, 2026.

I'm your host, Chance Miller.

We are sponsored this week by BitWarden.

Leading off today, Apple CEO Tim Cook said last week that the company is seeking refunds for the tariffs it paid under Donald Trump last year, which the Supreme Court recently ruled as unconstitutional.

During last week's earnings call, Cook said that Apple is following the established process to apply for

refunds it paid under Donald Trump's measures last year. In a 6-3 ruling, the Supreme Court found that

the International Emergency Economic Powers

Act did not give the President the authority to impose broad tariffs, effectively invalidating

the policy and opening the door for companies to recover what they paid. A few days ago,

Trump himself said that he would, quote-unquote, remember companies that

chose not to apply for refunds while criticizing those that do.

Even so, businesses across industries are now seeking refunds on duties collected under that

framework, which could total roughly $166 billion.

Cook did not disclose how much Apple expects to recover, but he says Apple already

has a plan for that money. He said, quote, we plan to reinvest any amount we receive back into

U.S. innovation and advanced manufacturing. These would be new investments and would be in

addition to our prior commitments in the U.S., end quote.

Last year, Apple announced the American Manufacturing Program, an initiative to consolidate

new and existing investment plans under a $600 billion four-year commitment to manufacturing

and innovation in the United States. So what Cook is saying is that if Apple gets

any tariff refunds, it will take that money and funnel it back into that program, increasing

the amount beyond the initial first announced $600 billion number. Essentially, it's a way for Apple to

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