Washington — President Trump and Apple are anticipated to announce a brand new $100 billion dedication by Apple to spice up manufacturing within the U.S.
The president is ready to make an announcement on the White Home at 4 p.m. on Wednesday alongside Apple CEO Tim Cook dinner, a White Home official mentioned.
The brand new funding would improve Apple’s dedication to U.S. manufacturing to $600 billion over the subsequent 4 years, in accordance with a White Home official. And it is anticipated to incorporate a brand new “American Manufacturing Program” centered on bringing extra of Apple’s provide chain and superior manufacturing to the U.S.
White Home spokesperson Taylor Rogers mentioned in a press release that the announcement with Apple “will concurrently assist reshore the manufacturing of essential elements to guard America’s financial and nationwide safety.”
The corporate announced in February that it could make investments $500 billion within the U.S. over the subsequent 4 years and rent 20,000 U.S.-based staff. Apple mentioned then that it could construct a brand new 250,000 square-foot manufacturing plant in Houston, set to open in 2026, that may make servers to energy Apple’s AI companies. The corporate additionally mentioned it could set up an academic academy in Michigan centered on manufacturing and enhance its funding in a fund geared toward fostering innovation throughout the U.S.
In Might, the president threatened to impose a 25% tariff on iPhones made exterior the U.S., writing on Reality Social that he advised Cook dinner that he expects that iPhones that will probably be bought within the U.S. “will probably be manufactured and in-built america, not India, or anyplace else.”
contributed to this report.
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