As he praised the success of his tariff plan in strengthening the American economy, President Donald Trump announced Friday that Apple intends to invest “hundreds of billions of dollars” in the US.
“Tim Cook from Apple was in my office yesterday; he is investing hundreds of billions of dollars. I heard him say that. Trump told a group of the nation’s governors at the White House, “Now he has to do it.
He hinted that at least one corporation had cancelled plans to establish two plants in Mexico, saying, “We’re going to have a lot of chip makers coming in and a lot of automakers coming in.” Which business he was referring to was unclear at first. They don’t want to pay the tariffs, therefore they’re going to construct here instead,” he stated.
Trump has threatened to impose 10 percent levies on Chinese imports, including semiconductors, automobiles, and medications, and has used tariffs—customs duties on imported items—as a trade weapon. According to his administration, the increased expenses will incentivise businesses to produce in the United States. Tariffs, according to critics, may result in higher consumer prices.
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