This included a 10% import tariff against China that sparked worry that it could bring about a potentially large impact on Apple’s financials as they manufacture about 70% of their iPhones, among other things, in China.
Apple’s US$500 billion ($669.1 billion) cumulative investment in the next four years is their largest commitment yet which includes a new artificial intelligence (AI) server manufacturing facility in Texas and increased investment in Apple’s semiconductor development and manufacturing side based in the US.
This deal was announced following a meeting with Apple CEO Tim Cook and President Trump on Feb 20 in which Trump attributed the investment to his tariffs,
