Tim Cook presented a unique glass sculpture to President Trump, symbolizing Apple's commitment to U.S. manufacturing with a pledge of $100 billion. This investment raises Apple's total commitment to $600 billion over the next four years. The move comes as Apple faces significant tariff costs, and securing a tariff exemption on semiconductors is crucial for the company. Trump's new tariff regime includes high import taxes, particularly affecting foreign-made semiconductors, while offering incentives for U.S. manufacturing.
Apple CEO Tim Cook presented a handcrafted sculpture and pledged $100 billion towards U.S. manufacturing, raising the total investment to $600 billion over four years.
Cook faced up to $1.1 billion in new tariff costs, necessitating the exemption from tariffs on foreign-made semiconductors by boosting U.S. manufacturing.
Collection
[
|
...
]