Trump, Apple To Announce New $100 Billion Commitment To Manufacturing in US

President Trump and Apple are expected to announce a new $100 billion commitment by Apple to boost manufacturing in the U.S. CBS News: The new investment would increase Apple's commitment to U.S. manufacturing to $600 billion over the next four years, according to a White House official. And it's expected to include a new 'American Manufacturing Program' focused on bringing more of Apple's supply chain and advanced manufacturing to the U.S.

In May, the president threatened to impose a 25% tariff on iPhones made outside the U.S., writing on Truth Social that he told Cook that he expects that iPhones that will be sold in the U.S. 'will be manufactured and built in the United States, not India, or anyplace else.'

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