In a major move that marks another economic victory for President Donald Trump, Apple CEO Tim Cook announced Thursday that the tech giant will pour an additional $100 billion into America’s economy. The decision, aimed at sidestepping a new wave of tariffs, represents one of the largest manufacturing and supply chain investments ever made by a U.S. company.
Apple—one of the most valuable corporations on Earth—will not only boost its stateside spending, but also ramp up purchases of U.S.-made parts for its world-famous iPhone. The announcement came directly from the Oval Office, where Cook and Trump stood side-by-side, both emphasizing the importance of bringing jobs back home.
Cook didn’t come empty-handed. He presented Trump with a 24-karat gold golf gift, a symbolic gesture underscoring their renewed cooperation. He praised the president’s focus on domestic job creation, telling reporters that Apple’s vision aligns with the administration’s priorities.
The newly unveiled American Manufacturing Program is at the heart of Apple’s plan. This initiative will target advanced manufacturing projects and rebuild parts of Apple’s supply chain within the U.S. “The president asked us to think about what more we could commit to doing,” Cook said. “And Mr. President, we took that challenge very seriously.”
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