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President Donald Trump will announce that Apple Inc. will commit to spend another $100 billion on domestic manufacturing, the latest pledge by the tech giant to increase US production of its products as it seeks to avoid punishing tariffs on its flagship iPhones, according to Bloomberg.
The announcement at the White House on Wednesday, August 6, includes a new manufacturing program designed to bring more of Apple’s supply chain to the US, with an eye toward manufacturing additional critical components domestically, according to a White House official who detailed the announcement.
Earlier today, White House economic advisor Kevin Hassett said Apple will announce new investments in the United States, as part of the financial pledges companies made during the Trump administration.
This comes after the company announced in February that it would spend $500 billion on investments in the US over the next four years, as part of a plan that includes launching an AI server factory and adding approximately 20,000 research and development jobs across the country.
White House spokeswoman Taylor Rogers said in a statement, "The President's economic agenda has secured trillions of dollars in investments that support jobs and businesses in America."
She added, "Today's announcement with Apple is another victory for our manufacturing sector and will help bring production of critical components back home to protect the American economy and national security."
Earlier this year, Trump warned of imposing a tariff of at least 25% on Apple if it did not move iPhone manufacturing to the US.
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