Apple "Yields" to Trump: $100 billion investment in the U.S. announced

Apple plans to invest $100 billion in the United States — a strategic move to avoid tariffs on iPhones. The announcement came in the evening directly from Donald Trump at the White House, standing alongside Apple CEO Tim Cook. "This is the largest investment Apple has ever made in America and globally," Trump added.

The plan includes a new production program aimed at bringing a larger portion of Apple’s supply chain back to the U.S. Apple had already announced $500 billion in U.S. investments over the next four years, including a new server manufacturing plant in Houston, a supplier academy in Michigan, and further investments with domestic suppliers. The new $100 billion commitment brings Apple’s total pledge to $600 billion.

"The President’s America First economic agenda has secured trillions of dollars in investments to support American jobs and businesses. Today’s announcement with Apple is another major win for our manufacturing sector, which will also help reshore critical component production to protect both our economy and national security," stated the White House in an official note.

Chiara Cavagna