Apple will commit one other $100 billion toward domestic manufacturing on Wednesday — a move that comes because the Trump administration slaps steep tariffs on India.
The fresh pledge includes funding aimed toward boosting Apple’s capability to provide more of the critical components needed for its iPhones and other products inside the US, Bloomberg reported, citing a White House official with knowledge of the plans.
“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 an announcement.
“Today’s announcement with Apple is one other win for our manufacturing industry that may concurrently help reshore the production of critical components to guard America’s economic and national security,” Rogers added.
The announcement will bring Apple’s total planned US investments to $600 billion.
The corporate, led by CEO Tim Cook, said earlier this 12 months that it could spend $500 billion within the US over the subsequent 4 years and construct out a producing plant in Houston.
Apple didn’t immediately return The Post’s request for comment.
Trump has pressured Cook to maneuver more production to the US and reduce its dependency on China — where Apple still manufactures most of its iPhones.
Under Cook’s watch, Apple has also shifted more production to India to avoid steep tariffs imposed on Chinese-made imports.
That plan grew more complicated on Wednesday as Trump imposed a further 25% tariff on India over the country’s continued purchase of Russian oil.
The newest move brought the full tariff rate on India to 50%.
This can be a breaking story. Check back for updates.
