Update: President Trump and Apple CEO Tim Cook announced another $100 billion in US investments and manufacturing.
President Trump is scheduled to announce a major American manufacturing project with Apple, which has pledged an additional $100 billion investment to avoid tariffs imposed on India.
Trump levied an additional 25% tariff rate on India as a result of the country’s Russian oil purchases. India, a major hub for Apple manufacturing, currently faces 50% tariffs.
Apple CEO Tim Cook will join the President in the Oval Office for the announcement.
This comes after Apple announced in February that it will invest $500 billion in the U.S. and add 20,000 jobs over the next four years.
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