President Trump announced a further $100 billion investment by Apple in US manufacturing, building on a previous $500 billion commitment. This includes reshoring critical component production and a potential 100% tariff on imported chips, while offering exemptions for domestically manufactured components. The investment will create tens of thousands of jobs and bolster US economic and national security, according to the White House. This follows Trump's pressure on companies to increase domestic production and his imposition of tariffs on imports.

Prepared by Christopher Adams and reviewed by editorial team.