Apple to invest $100bn after pressure from Trump
Summary
Apple plans to invest an additional $100 billion in the United States. This decision comes after pressure from the Trump administration to increase domestic manufacturing. The investment aims to expand Apple's supply chain in the US.Key Facts
- Apple announced a $100 billion investment in the US.
- The decision follows pressure from President Trump's administration.
- The investment is meant to expand Apple's supply chain in the US.
- Apple had previously pledged to spend $500 billion in the US over four years.
- President Trump had threatened to raise tariffs on Apple products if manufacturing did not move to the US.
- Apple's products are mainly made in China, but the company is shifting some production to India and Vietnam.
- Despite facing new tariffs, Apple shares rose 4%.
- Apple plans to launch a manufacturing academy in Michigan.
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