Trump to announce Apple’s plan to invest $100bn in US manufacturing | Technology

Donald Trump is expected to celebrate the commitment of Apple’s investments in US production in the United States to increase more $ 100 billion in the next four years.

“Today, an announcement with Apple today is another win that will help the production of critical components at the same time to protect the economic and national security of America for our manufacturing industry,” said Taylor Rogers.

Apple’s plan to increase local investment comes because Trump is trying to avoid threats, which will increase the costs of the technology giant because it is based on a complex international supply chain to produce its iPhones. Apple’s CEO Tim Cook, warned During a call for earnings in May That tariffs can only cost this financial quarter of $ 900 million.

Apple If he had said that he had already aimed to invest $ 500 billion in the country before, it is now a figure that would rise to $ 600 billion. Trump has criticized the technology company in recent months, and Cook is for efforts to shift iPhone production to India to avoid the tariffs planned by the Republican administration for China. On the same day as the White House announcement, Trump doubled US tariffs in the United States from 25% to 50%.

When he was in Qatar in Qatar at the beginning of this year, Trump said that he had a “small problem with Apple and remembered a conversation with Cook and CEO: orum I don’t want you to build in India”.

On Wednesday, India realized the wrath of Trump, as he signed 25% more tariffs on the world’s most crowded country for the use of Russian oil on Wednesday. New import taxes to be applied within 21 days can put combined tariffs in Indian goods by 50%.

According to Reuters, Apple had tried to prevent any tariff in India by sending 1.5 million iPhones from the country to the United States in April.

The company was uniquely threatened by Trump’s tariffs, as the iPhones contained dozens of parts produced in dozens of countries, and the devices themselves were largely gathered in China. Scrolling the production of devices to the USA will greatly increase the cost to the point where most analysts saw an American -made iPhone. As a pipe dreamHe leaves Apple to go to the uncertainty surrounding Trump’s trade wars.

As part of the Apple announcement, investments will be about bringing more and further production of the supply chain to the USA.

Apple’s new commitment comes only a few weeks after making an agreement of $ 500 million with MP materials operating the only rare land mine in the USA. This agreement will allow MP materials to use recycled materials to produce magnets that vibrate a factory in Texas.

Upon the speech of an recent investors, Cook stressed that “there are a lot of different things in the United States”. For example, some of the iPhone components in the USA showed some iPhone components, such as the glass screen of the device and the module to describe the faces of people, and then the company said it was gear to expand the productions of other components in its own country.

Cook said to the analysts last week, “We’re doing more in this country, and this is now about 19 billion chips out of the United States, and we’re going to do more.”

Despite Apple’s struggles with upcoming tariffs and investors’ concerns about the delay in embracing artificial intelligence, the company’s latest earning report showed that iPhone sales have made big gains in iPhone sales and that Wall Street was easily defeated for their income for their income. Apple’s shares, which have been double -digit this year, rose to over 5% on Wednesday after Trump’s statement.