President Trump is set to announce that Apple will invest $100 billion in manufacturing in the United States in an effort to increase domestic production and avoid tariffs, a White House official told The Hill.
The president will make the announcement at 4:30 p.m. EDT in the Oval Office.
The announcement includes the launch of the American Manufacturing Program, which would be dedicated to bringing more of Apple’s supply chain to the U.S. and involves the tech giant incentivizing other companies to manufacture more critical components domestically, the official said.
“President Trump’s America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American businesses. Today’s announcement with Apple is another win for our manufacturi