The Trump Effect.
Apple will commit another $100 billion to domestic manufacturing on Wednesday, as the Trump administration imposes steep tariffs on India.
The new investment includes funding to expand Apple’s capacity to produce key components for iPhones and other products in the U.S., according to Bloomberg, citing a White House official.
“President Trump’s America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American businesses,” said White House spokesperson Taylor Rogers.
“Today’s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to protect America’s economic and national security,” Rogers added.
From The New York Post:
The announcement will bring Apple’s total planned US investments to $600 billion.
The company, led by CEO Tim Cook, said earlier this year that it would spend $500 billion in the US over the next four years and build out a manufacturing plant in Houston.
Apple did not immediately return The Post’s request for comment.
President Trump has pressured Cook to move more production to the US and reduce its dependency on China – where Apple still manufactures most of its iPhones.
Under Cook’s watch, Apple has also shifted more production to India to avoid steep tariffs imposed on Chinese-made imports.
That plan grew more complicated on Wednesday as Trump imposed an additional 25% tariff on India over the country’s continued purchase of Russian oil.
The latest move brought the total tariff rate on India to 50%.
More over at The New York Post:
Apple commits another $100B to US manufacturing as Trump tariffs hit India https://t.co/V9h4ZEnK1r pic.twitter.com/0dIdiFLRbh
— New York Post (@nypost) August 6, 2025
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