Apple, under Trump pressure, vows more U.S. investment

Apple said that it would expand its planned investment in the United States as it faces pressure from President Donald Trump to shift its supply chain.

Apple said Wednesday that it would expand its planned investment in the United States as it faces pressure from President Donald Trump to shift its supply chain to American soil.

The splashy announcement came hours before Trump’s wave of country-specific tariffs were set to go into effect. The president’s levy barrage isn’t over yet. Trump has warned he will be announcing tariffs on semiconductors, which could affect iPhones, iPads, MacBooks and other popular Apple products.

Speaking alongside Apple CEO Tim Cook in the Oval Office on Wednesday, Trump said his administration is “going to be putting a very large tariff on chips and semiconductors,” but for any company “building in the United States of America, there’s no charge.” Trump said the semiconductor tariff would be approximately 100% and apply to all chips imported into the country.

Apple also said it will manufacture the glass covers on all iPhones and Apple Watch devices sold worldwide in the United States. Apple said manufacturing firm Corning will produce that glass at its Harrodsburg, Kentucky, plant under a $2.5 billion commitment.

"Apple will massively increase spending on its domestic supply chain for the iPhone, and will build the largest and most sophisticated smart glass production line in the world," Trump said.