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Apple plans to increase investment in its home country by another 100 billion dollars ($ 750 million) as it is pressured by Trump administration to make more production in the US.
The White House said the money will be used to encourage firms to do more apple -pieces in the US and add companies to the company The previous promise Spend $ 500 billion in the US for four years.
Apple did not immediately commented.
At the call of the investor last week, the executive director Tim Cook referred to the company’s previous commitments and stated that he was looking for “more” because he was trying to avoid the wave of tariffs ready to hit his products.
Earlier this spring, President Donald Trump highlighted Apple by name, threatening to raise the company’s products if it did not move its iPhones to the US.
Analysts note that any significant changes to the Apple supply chain will require time, but the company’s promise can help it win a lighter processing from the White House, considering Trump’s focus on increasing business investments in the US.
The shares increased more than 4% in the morning trade.
A statement on Wednesday in the White House states that the last key to the firm is a sign that Trump’s policy was a convincing company to invest more money in America.
“Today’s Apple message is another victory for our production industry, which will simultaneously help rethink the production of critical components to protect the economic and national security of America,” said Taylor Rogers.
Apple has long made the bulk of its products in China.
This is to avoid duties during Trump’s first term after he agreed to invest more in America into the ads he coordinated with the White House.
But this is overlapping since Trump has launched a new tariff war in January, announcing an additional 30% collection for Chinese products.
Apple replied to changes Processing your supply chainDelivery of goods to the US is primarily from India and Vietnamwhich are facing smaller tariffs for their exports.
But the company still paid more than $ 800 million in new border taxes for its three months, which ended in June, reflecting the wide so-called Trump’s so-called mutual tariffs.
It is expected that in the coming months another $ 1.1 billion, despite the exceptions from the measures that the White House provided a certain electronics in April.
Up to 50%are also installed with tariffs for Indian -made goods, now engaged in new ways to avoid taxes.
It also attracts a potential blow from the White House plans for new tariffs characteristic of the semiconductor industry.
It is expected that Mr. Cook, who personally donated $ 1 million to Trump’s inauguration commission, will make an investment statement on Wednesday.
At the call with investors, Mr. Cook emphasized Apple’s participation in the US and its many years of work with “third parties” to make investments.
He pointed to his previously announced plans to launch the “Academy of Production” in Michigan, In addition, its promise is to invest $ 500 million in MP materials working to expand rare land production in the US. The US government also accepted the share in this campaign, with obliging the minimum price for its production.
Since his return to Trump, he has often promoted high -profile investment commitments such as Apple. Analysts say the numbers he uses until there is no evidence of a broader trend.
Paolo Peskatore, the founder of the PP -Virgin, praised Mr. Kura for Apple’s agile navigation through “violent times”, but said that it remains to see that the investment would mean for many different works that are included in Apple devices and where they are produced.
“Of course, if you look at this business today, it is impossible to think that now everything can be made, produced and assembled in the US for the night,” he said.
