President Trump, Apple to reveal new $100 billion American manufacturing investment

Apple CEO Tim Cook and U.S. President Donald Trump at tech summit in June 2017
President Donald Trump will announce on Wednesday that Apple plans to invest an additional $100 billion in U.S. manufacturing, marking the tech giant’s latest commitment to boost domestic production of its products to sidestep steep tariffs on its signature iPhones.
Hadriana Lowenkron for Bloomberg News:
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The announcement at the White House on Wednesday includes a new manufacturing program designed to bring more of Apple’s supply chain to the US, with an eye toward manufacturing additional critical components domestically, according to a White House official who detailed the announcement on the condition of anonymity.
“President Trump’s America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American businesses,” White House spokesperson Taylor Rogers said in a statement. “Today’s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to protect America’s economic and national security.”
Earlier this year, Trump warned that he would hit Apple with a tariff of at least 25% if it didn’t move manufacturing of the iPhone to the US, a day after meeting with Apple Chief Executive Officer Tim Cook at the White House.
Cook has led a push by Apple to win a carve-out for its iPhone product line, with phones currently primarily manufactured in China and India.
The company has previously announced it plans to spend $500 billion in the US over the next four years, which will include work on a new server manufacturing facility in Houston, a supplier academy in Michigan and additional spending with its existing suppliers in the country. Wednesday’s announcement will bring Apple’s cumulative commitment to $600 billion, the White House said.

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MacDailyNews Take: We love it when a plan comes together!
Expect specific exemptions from U.S. import tariffs for important Apple products. – MacDailyNews, February 2, 2025

If only we had seen how President Trump’s trade policies played out globally and how the markets reacted and responded previously. [dripping sarcasm]
Anyone who thinks Apple won’t get significant, meaningful U.S. import tariff exemptions hasn’t been paying attention. Profit from the panic of the uninformed and misinformed. – MacDailyNews, March 19, 2025

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