Apple commits another $100B to US manufacturing as Trump tariffs hit India | Latest Tech News
Apple will commit another $100 billion toward home manufacturing on Wednesday — a transfer that comes as the Trump administration slaps steep tariffs on India.
The contemporary pledge consists of funding aimed at boosting Apple’s functionality to produce more of the important parts needed for its iPhones and other merchandise within the US, Bloomberg reported, citing a White House official with data of the plans.
“President Trump’s America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American businesses,” White House spokesperson Taylor Rogers said in a assertion.
Apple has dedicated a complete of $600 billion in deliberate spending toward US manufacturing. REUTERS
“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.
The announcement will convey Apple’s complete deliberate US investments to $600 billion.
The company, led by CEO Tim Cook, said earlier this 12 months that it will spend $500 billion in the US over the next 4 years and construct out a manufacturing plant in Houston.
Apple didn’t immediately return The Post’s request for remark.
Trump has pressured Cook to transfer more manufacturing to the US and scale back its dependency on China — where Apple still manufactures most of its iPhones.
Under Cook’s watch, Apple has also shifted more manufacturing to India to keep away from steep tariffs imposed on Chinese-made imports.
That plan grew more difficult on Wednesday as Trump imposed an further 25% tariff on India over the nation’s continued buy of Russian oil.
The latest transfer introduced the entire tariff charge on India to 50%.
This is a breaking story. Check back for updates.
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