Trump Announces Apple’s Potential Investment in the U.S. Amid Tariff Success Claims

TDT | Manama

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In a recent statement on Friday, President Donald Trump declared that Apple, the Silicon Valley tech giant, is planning to invest "hundreds of billions of dollars" in the United States. This announcement was made during a gathering of U.S. governors at the White House, where Trump highlighted the success of his tariff plan in revitalizing the American economy.

"Yesterday I had Tim Cook in the office from Apple, he's investing hundreds of billions of dollars... That's what he told me. Now he has to do it," Trump shared with the governors, noting the company’s substantial investment potential. However, Apple CEO Tim Cook has not yet confirmed any such investment publicly, leaving room for speculation.

Trump further suggested that other companies were following suit and considering increased investments in U.S. manufacturing. While he refrained from naming any specific companies, he indicated that several chipmakers and automakers were eyeing the U.S. for future expansion. "We're going to have a lot of chip makers coming in and a lot of automakers coming in," he said, adding that at least one company had changed plans to build two plants in Mexico, now opting to construct them within the U.S. to avoid tariffs.

His comments reflect the broader impact of his administration’s trade policies, which have included imposing 10 percent tariffs on Chinese imports. Trump’s tariff strategy has been a cornerstone of his economic approach, designed to boost U.S. manufacturing by encouraging companies to relocate production back to the U.S. in response to higher import costs.

However, critics of the tariff strategy argue that such measures could raise prices for American consumers, potentially harming the economy in the long run. The balance between encouraging domestic production and controlling costs remains a topic of significant debate among economists and policymakers.

While the exact details of Apple’s potential investment remain unclear, Trump’s remarks suggest a continuing trend of U.S.-based companies potentially reshaping their global manufacturing strategies under the influence of his trade policies.