Topline<\/p>\n
President Donald Trump on Wednesday announced another $100 billion investment by Apple to expand manufacturing in the U.S., adding to a $500 billion commitment announced earlier this year by Tim Cook featuring plans for a new factory in the country and tens of thousands of new jobs. <\/p>\n
https:\/\/www.cnbc.com\/2025\/08\/06\/trump-trade-india-tariffs-russia.html<\/p>\n
AFP via Getty ImagesKey Facts<\/p>\n
Trump\u2019s announced a new \u201cAmerican Manufacturing Program\u201d that will bring more of Apple\u2019s supply chain into the U.S., with plans to manufacture critical components domestically.<\/p>\n
The president also said the U.S. will place \u201capproximately 100%\u201d tariff rates on chips and semiconductors, adding if companies are building in the U.S., \u201cthere will be no charge\u201d on the tech supplies.<\/p>\n
Cook announced<\/a> plans in February for Apple\u2019s $500 billion investment that included a doubling of its \u201cAdvanced Manufacturing Fund\u201d to $10 billion, building a factory in Houston and a training facility in Michigan while adding 20,000 new jobs.<\/p>\n Cook said under the new manufacturing plans, all iPhones and Apple Watches sold across the world will contain coverglass made in Kentucky.<\/p>\n Shares of Apple closed up 5% to $213.25 after the company\u2019s latest U.S. investment was first reported by Bloomberg<\/a>.<\/p>\n Apple did not immediately respond to a request for comment.<\/p>\n Crucial Quote<\/p>\n \u201cToday\u2019s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to protect America\u2019s economic and national security,\u201d White House spokesperson Taylor Rogers told Forbes in a statement.<\/p>\n Tangent<\/p>\n Trump on Wednesday said he would double the U.S. tariff rate on India to 50% because the country continues to purchase Russian oil. In a call last week with analysts, Cook said a \u201cvast majority\u201d of iPhones sold in the U.S. come from India, noting Apple would \u201cobviously try to optimize our supply chain\u201d and \u201cultimately, we will do more in the United States.\u201d In May, Trump wrote<\/a> on Truth Social that he \u201clong ago\u201d told Cook he expected Apple\u2019s iPhones to be manufactured in the U.S., \u201cnot India, or anyplace else.\u201d Trump warned Apple would pay a 25% tariff unless the company shifted its production domestically.<\/p>\n Key Background<\/p>\n Trump has pressured companies to increase production in the U.S. in the wake of his wide-reaching tariffs in recent months. He announced a $100 billion investment in AI data centers from Oracle, SoftBank and OpenAI earlier this year, with plans to up the total to at least $500 billion, as they boost American innovation in AI. Both Oracle and OpenAI later revealed expanded plans to upgrade data center capabilities. Trump also targeted Walmart after the retailer warned its prices would increase to absorb the cost of his tariffs. Trump said the company should \u201cEAT THE TARIFFS\u201d and \u201cnot charge valued customers ANYTHING.\u201d <\/p>\n Further ReadingForbesApple Promises $500 Billion U.S. Investment And 20,000 JobsBy Siladitya Ray<\/a>ForbesApple Shares Drop As Trump Threatens 25% Tariff\u2014Sparking Market SelloffBy Ty Roush<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Topline President Donald Trump on Wednesday announced another $100 billion investment by Apple to expand manufacturing in the…\n","protected":false},"author":2,"featured_media":50604,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1572,34512,1376,43,44,28470,41,39,42,40],"class_list":{"0":"post-50603","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-apple","9":"tag-apple-shares","10":"tag-donald-trump","11":"tag-headlines","12":"tag-news","13":"tag-tim-cook","14":"tag-top-news","15":"tag-top-stories","16":"tag-topnews","17":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/50603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=50603"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/50603\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/50604"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=50603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=50603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=50603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}