President Donald Trump recently announced a 100% tariff on imported chips, but companies that invest in domestic manufacturing, like Apple, are exempt. Apple CEO Tim Cook confirmed the tech giant's commitment to spending an additional $100 billion on U.S. manufacturing. Other companies, such as TSMC, Samsung Electronics, and SK Hynix, have also been exempted from the tariff due to their investments in the U.S. This article discusses Apple's investment plans, Trump's response, and the challenges of iPhone production in the U.S.
Apple's Investment Plans and Exemption from Tariffs
Apple intends to use part of its $100 billion pledge to enhance U.S. manufacturing, including a Kentucky-based factory with Corning to produce glass for future iPhones. Despite not assembling iPhones in the U.S., Trump praised Apple's investment. The article also covers the impact of increased tariffs on imports from India, where many iPhones are currently assembled, and Apple's unique chip manufacturing partnership with Samsung in Texas.]])
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