Apple CEO Tim Cook will join President Donald Trump to announce a $100 billion investment commitment by Apple in U.S. manufacturing. The Oval Office event is scheduled for 1:30 p.m. PDT / 4:30 p.m. EDT.
The announcement in the Oval Office, set for 4:30 p.m. ET, includes Apple’s commitment to a new “American Manufacturing Program,” a White House official confirmed to CNBC.
With the new pledge, Apple’s total investment in the U.S. over the next four years now totals $600 billion, the official said.
Bloomberg first reported Apple’s new investment pledge earlier Wednesday.
MacDailyNews Note: As of publication, Apple shares are trading up $8.70 (+4.29%) at $211.62.
$AAPL – APPLE WILL REMAIN LARGELY UNAFFECTED BY THE TARIFFS TARGETING INDIA – CNBC CITING WHITE HOUSE OFFICIALS
— *Walter Bloomberg (@DeItaone) August 6, 2025
Expect specific exemptions from U.S. import tariffs for important Apple products. – MacDailyNews, February 2, 2025
If only we had seen how President Trump’s trade policies played out globally and how the markets reacted and responded previously. [dripping sarcasm]
Anyone who thinks Apple won’t get significant, meaningful U.S. import tariff exemptions hasn’t been paying attention. Profit from the panic of the uninformed and misinformed. – MacDailyNews, March 19, 2025
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We’ve been here before. “Look. Apple is assembling Mac Pros in the US!” Not even 1% of their business … Makes a great photo op, but not a real change in Apple’s business model …. Tim Cook is just using it in leverage to lower tariffs on Apple products in the countries where they do the majority of their manufacturing.
Invite that moron of a wife of Jobs to the event. She is living off the success of Jobs like a leech and funding every lefty cause out there. She does not give a rip about Jobs company, only his yacht and new lover.
Laurene Powell Jobs was best friends with Ghislaine Maxwell. Horrible.
Ghislaine has quite a nice rack.
Laurene the Commie, not so much.