Tim Cook Full Speech: Apple Announces $100 billion expansion plan in U.S after tariff threat
Video Credit: Oneindia - Duration: 04:56s - Published
Tim Cook Full Speech: Apple Announces $100 billion expansion plan in U.S after tariff threat
President Donald Trump has unveiled Apple’s staggering $100 billion expansion plan in the U.S., raising its total investment pledge to $600 billion over the next four years.
The Oval Office announcement follows months of tariff threats from Trump, who recently floated a 25% tax on foreign-made Apple products.
Apple CEO Tim Cook appeared alongside Trump and Commerce Secretary Howard Lutnick and presented a symbolic gold-based souvenir to mark the occasion.
While the investment will expand Apple’s U.S. supply chain, it still falls short of Trump’s demand to manufacture iPhones domestically.
Cook noted that several components — including glass and chips — are already U.S.-made, but final assembly will stay overseas “for a while.” Experts say the move is both a savvy PR maneuver and a strategic way to sidestep future tariff risks.
Apple shares closed up 5%, with suppliers like Corning and Applied Materials also surging after the blockbuster announcement.
In a jaw-dropping moment inside the Oval Office, Apple CEO Tim Cook presented President Donald Trump with a one-of-a-kind memento — a stunning disc of iPhone glass mounted on a 24-karat gold base — as he announced Apple’s colossal $600 billion investment in US manufacturing. The handcrafted gift was designed by a former US Marine Corps corporal currently working at Apple and features Trump’s name, Cook’s signature, the Apple logo, and “Made in USA 2025” engraved onto the glass.
The base, made from Utah-sourced gold, symbolizes Apple’s deeper commitment to American soil. Standing beside Commerce Secretary Howard Lutnick, Trump praised Apple’s investment surge and reiterated his push for iPhones to be made in the USA. The latest $100 billion pledge adds to Apple’s earlier announcements to create 20,000 jobs and build domestic infrastructure. This grand gesture — and golden gift — comes amid rising pressure on US companies to bring production home.
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THR pulls Seth Rogen aside for some "Off Script" moments ahead of his THR Roundtable interview and reveals why the movie 'Home Alone' made him want to become an actor. Plus, he reveals who helped inspire stories for his Apple TV+ show 'The Studio.'
Credit: The Hollywood Reporter Duration: 02:07Published
THR pulls Jason Segel aside for some "Off Script" moments ahead of his THR Roundtable interview and shares the last thing he googled, his trailer must-haves and what he would be doing if he didn't become an actor. Plus, he gives THR his personal prep for filming an episode of his Apple TV+ show 'Shrinking.'
Credit: The Hollywood Reporter Duration: 02:53Published
Jennifer Aniston is set to star in the TV adaptation of Jeannette McCurdy's memoir, 'I'm Glad My Mom Died.' Former 'iCarly' star McCurdy's book details the relationship she had with her abusive mother and the road to recovery she took following her mother's death in 2013. 'I'm Glad My Mom Died' became an instant bestseller after it was published in 2022.
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Vladimir Putin has confirmed that a highly anticipated summit with Donald Trump could take place as early as next week in the UAE, calling it a potential “historical event.” With the U.S. deadline looming for Russia to show progress on ending the Ukraine war, the Kremlin is pushing for a “successful and productive” outcome. However, Kyiv is unlikely to be part of the talks, as Russia dismisses Zelensky's inclusion and continues to label him “illegitimate” due to his expired term.
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