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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