Particle.news
Download on the App Store
8 ARTICLES
·
2w ago

Trump Says Apple Will Expand U.S. Operations with New Plants Under $500 Billion Plan

Following a U.S.-China tariff suspension, President Trump states Tim Cook committed to expanding Apple’s domestic manufacturing footprint, though specifics remain unclear.

Image
Image
Under Monday’s agreement, the two countries will cut their reciprocal tariffs from 125% to just 10%.

Overview

  • President Trump announced that Apple CEO Tim Cook plans to build multiple plants in the U.S. as part of the company’s $500 billion investment pledge.
  • Apple’s February announcement included plans for a Houston AI server facility but did not specify additional domestic manufacturing projects.
  • The recent 90-day U.S.-China tariff suspension led to a 6.3% rise in Apple’s stock, adding approximately $180 billion to its market value.
  • Apple continues to diversify its supply chain with production in Vietnam and India, while over 95% of its devices remain assembled in China.
  • The Trump administration has been pressuring Apple to move iPhone production to the U.S., a shift experts say would be costly and challenging.