Tim Cook to join Trump at White House for Apple investment announcement
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The Cook-Trump meeting will mark the rise of Apple's total investment in the U.S. to $600 billion over the next four years, a White House official said.
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3 min read
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investment
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August 6, 2025
02:24 PM
CNBC
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In this articleAAPL your favorite stocksCREATE FREE ACCOUNTApple CEO Tim Cook, left, and President Donald Trump speak to the press during a tour of the Flextronics computer manufacturing facility in Austin, Texas, where Apple's Mac s are assembled, Nov. 20, 2019.Mandel Ngan | AFP | Getty ImagesApple CEO Tim Cook will join President Donald Trump on Wednesday for an event touting what the White House calls a new $100 billion investment commitment by the giant in the U.S.The announcement in the Oval Office, set for 4:30 p.m
ET, includes Apple's commitment to a new "American Manufacturing gram," a White House official confirmed to CNBC.With the new pledge, Apple's total investment in the U.S. over the next four years now totals $600 billion, the official said.Bloomberg first reported Apple's new investment pledge earlier Wednesday.The meeting comes as Trump has pushed Apple to make its ducts in America — a feat that experts say would jack up prices by hundreds of dollars, if it can even be done at all.Most of Apple's flagship iPhones have been manufactured in China, though the company is moving some of its duction to India.Trump has complained that plan. "We're not interested in you building in India, India can take care of themselves ... we want you to build here," Trump said he told Cook in May.On Wednesday, Trump announced he will double the U.S. tariff rate on Indian goods to 50%
Trump said he was raising the tariff because of India continuing to purchase Russian oil.Apple declined CNBC's request for .Read more CNBC coverageTrump views foreign investment pledges as gifts
Trade partners say that's way off the markMurdoch to vide Trump health in deal to delay Epstein case depositionTreasury Secretary Bessent 'does not want' to be Fed chair, but 4 others in running, Trump saysPharma tariffs could eventually reach up to 250%, Trump saysTrump says new semiconductor tariff plan coming as soon as next weekTrump undermines trust in jobs data, as White House defends firing BLS chiefEU will delay planned U.S. tariffs for six months to allow for trade talksWhite House struggles to justify firing of BLS chief over weak jobs numbeen
Wyden: Trump 'soft, weak and afraid' for firing BLS chief over jobs reportTrump fires commissioner of labor statistics after weaker-than-expected jobs figures slam Trump says he moved two nu submarines after Russia's Medvedev warns U.S.This is news
Please check back for .— CNBC's Steve Kovach contributed to this report.
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