Source: BBC News [UK State Media]
“Apple is planning to boost investments in its home country by another $100bn (£750m) as it comes under pressure from the Trump administration to do more manufacturing in the US. The White House said the money would be used to encourage firms to make more Apple parts in the US and would add to the company’s previous pledge to spend $500bn in the US over four years. Apple did not immediately comment. On an investor call last week, chief executive Tim Cook referenced the company’s earlier commitment and said it was looking to ‘do more’ as it tries to avoid a wave of tariffs poised to hit its products. Earlier this spring President Donald Trump singled out Apple by name, threatening to raise tariffs on the company’s products if it did not move manufacturing of its iPhones to the US.” (08/06/25)