Overview

• Apple announced an additional $100 billion commitment for U.S. manufacturing, taking its four-year investment total to $600 billion
• President Trump unveiled a 100% tariff on imported chips and semiconductors, exempting companies that build production facilities in the U.S.
• The announcements came at a White House event with President Trump and CEO Tim Cook to highlight the administration’s America First trade strategy
• Apple’s expanded domestic production push aims to shield flagship products like the iPhone from punitive duties
• Following the joint investment and tariff measures, Apple’s stock rallied by as much as 6% on market optimism