The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

World News

Tim Cook to join Trump at White House for Apple investment announcement

by admin August 7, 2025
August 7, 2025
Tim Cook to join Trump at White House for Apple investment announcement

Apple CEO Tim Cook will join President Donald Trump on Wednesday for an event touting what the White House calls a new $100 billion investment commitment by the tech giant in the U.S.

The announcement in the Oval Office, set for 4:30 p.m. ET, includes Apple’s commitment to a new “American Manufacturing Program,” a White House official confirmed to CNBC.

With the new pledge, Apple’s total investment in the U.S. over the next four years now totals $600 billion, the official said.

Bloomberg first reported Apple’s new investment pledge earlier Wednesday.

The meeting comes as Trump has pushed Apple to make its products in America — a feat that experts say would jack up prices by hundreds of dollars, if it can even be done at all.

Most of Apple’s flagship iPhones have been manufactured in China, though the company is moving some of its production to India.

Trump has complained about that plan. “We’re not interested in you building in India, India can take care of themselves … we want you to build here,” Trump said he told Cook in May.

On Wednesday, Trump announced he will double the U.S. tariff rate on Indian goods to 50%. Trump said he was raising the tariff because of India continuing to purchase Russian oil.

Trump had exempted smartphones, chips and other tech products from his early April “reciprocal” tariff plan, which slapped a 10% baseline duty on nearly the entire world and set significantly higher rates for dozens of individual countries.

That exemption still applied as of this week, following Trump’s executive order tweaking U.S. tariffs on a slew of countries.

And it appears to remain intact in Trump’s latest order ratcheting up tariffs on imports from India.

Apple declined CNBC’s request for comment.

— CNBC’s Steve Kovach contributed to this report.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
The Real Drivers of This Market: AI, Semis & Robotics
next post
Fox One streaming service to launch ahead of NFL season on Aug. 21, at $19.99 per month

Related Posts

Starbucks’ new CEO will supercommute 1,000 miles from...

August 22, 2024

How Foot Locker is waging a comeback after...

September 24, 2024

S&P 500, Nasdaq close at all-time highs ahead...

July 11, 2024

New Starbucks CEO Brian Niccol outlines priorities to...

September 11, 2024

Hertz says 2024 hack exposed some customers’ driver...

April 16, 2025

Google’s second antitrust trial could help shape the...

September 7, 2024

Household savings are thinning. Here’s how to put...

July 23, 2024

Doritos severs ties with transgender influencer in Spain...

March 8, 2024

How a single failure can take down a...

July 20, 2024

More than $1 billion in federal tax refunds...

April 2, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning

      October 9, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      October 9, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      October 9, 2025
    • Greta Thunberg slammed for using image of starved Israeli hostage to show Palestinians suffering in Gaza

      October 9, 2025
    • Screaming match erupts between Hakeem Jeffries, Mike Lawler as government shutdown chaos continues

      October 9, 2025
    • Trump teases trip to the Middle East as Gaza peace deal talks continue

      October 9, 2025

    Categories

    • Business (1,415)
    • Politics (4,690)
    • Stocks (1,697)
    • Uncategorized (45)
    • World News (1,408)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved