Tim Cook to appear with Trump at the White House, where Apple announces $ 100 billion in investment

Apple Tim Cook CEO will join President Donald Trump at the White House on Wednesday afternoon to announce a new pledge of $ 100 billion to invest in the United States, according to a report from CNBC. The appearance of Cook comes on the same day as Trump pledged to raise the tariffs on goods from India to 50 %, although it is still unclear whether the Apple manufactured goods in this country will be exempted from the historically high rate.

A White House spokesman told Bloomberg In a statement.

Apple has turned more than its production to India in recent years. This transformation had a measurable effect on the smart phone market in the United States, making India the source of most phones purchased in the United States for the first time from last week, according to Bloomberg. Apple’s competitors, like Samsung, transferred production from China. Many other electronics made by Apple, including MacBooks, iPads and Apple Watches, are now made in Vietnam.

Cook said in a profit call that the “vast majority” of iPhone devices sold in the United States comes from India, but this may not be sufficient for Trump, who wants these phones in the United States. Again in May“I faced a small problem with Tim Cook yesterday. I told him,” My friend, I treated you well. You are coming here for $ 500 billion, but now I hear you are building all over India. “I don’t want you to build in India.”

Apple has announced a new investment of $ 500 billion in the United States in April, and this will be a new commitment of $ 100 billion in addition, according to Bloomberg. But Apple does not plan to manufacture any foreign devices in the United States, which is undoubtedly the president, who wants to make everything in America. Trump has previously threatened a 25 % tariff On all phones imported from other countries.

Trump regime members have received criticism of the imagination of a world where everything is produced in the United States, such as when Trade Minister Howard Lootnick appeared Facing the nation The weekend after the “Tahrir Day” tariff in Trump was announced in April.

Lutnick also seems to indicate that most of the US jobs will be for robots and mocked a series of Amnesty International Videos that show Americans in stable factories columns. But the trade secretary Later insist Jobs will not only be for robots.

Trump has signed an executive order slapping India with an additional 25 % tariff as a punishment for the purchase of Russian oil, which is scheduled to enter later this month. This is in addition to another 25 % tariff on Indian goods that will start on Thursday. Trump said he is trying to punish countries dealing with Russia in an attempt to stop the war in Ukraine. But until now, nothing has changed, and it is not clear whether adding a 25 % huge tariff to India will do anything to end this conflict.