WASHINGTON − President Donald Trump is set to host Apple CEO Tim Cook at the White House on Aug. 6 as the tech giant announces $100 billion in new U.S. investment, the company’s latest move to boost domestic production to protect its popular iPhones from Trump’s steep tariffs.
Trump is expected to hail the announcement, confirmed by a White House official and first reported by Bloomberg, as a victory in his push to use sweeping tariffs on imports to rejuvenate domestic manufacturing. It brings Apple’s planned investments in the United States to $600 billion over the next four years.
Apple’s announcement includes a new a new “American Manufacturing Program” that seeks to bring even more of Apple’s supply chain and advanced manufacturing to the U.S., the White House official said in a preview of the president’s remarks.
“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,” Taylor Rogers, an assistant White House press secretary, said in a statement.
An Apple representative did not immediately respond to a request for comment.
In May, Trump threatened to impose 25% tariffs on cellphones that Apple and other companies manufacture in other countries. Trump blasted Apple in a May 23 social media post for producing more than half its phones in India to avoid high Chinese tariffs, singling out comments Cook made during an earnings call.
As part of a wave of new reciprocal tariffs set to go in effect Aug. 7, Trump last week signed an executive order imposing 25% tariffs on imports from India.
More: Trump threatens bite of Apple, other manufactures with 25% tariffs if cellphones not built in US
More: Apple plans $500 billion in US investment, 20,000 research jobs in next four years
The White House has worked agressively to tout manufacturing investments from private companies as proof that Trump’s tariff strategy is working ‒ even as factory employment in the U.S. dropped for the fifth straight month in July.
Apple said in February that it would spend $500 billion in U.S. investments in the next four years that will include a giant factory in Texas for artificial intelligence servers and add about 20,000 research and development jobs across the country in that time. Yet the Washington Post reported the bulk of the $500 billion covers the regular costs of running its business.
Contributing: Reuters
Reach Joey Garrison on X @joeygarrison.
This article originally appeared on USA TODAY: Trump, Apple to announce $100 billion in new US investment
