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Fortune
Fortune
Beatrice Nolan

Apple adds $180 billion to market cap as Trump reveals he spoke to Tim Cook after China tariffs rollback

Donald Trump Apple Tim Cook China United States
Apple CEO Tim Cook talking to a man at Trump's inauguration. (Credit: Photo by Kevin Dietsch/Getty Images)
  • Apple’s stock jumped 6% on Monday, adding roughly $180 billion to its market cap after the U.S. and China agreed to cut reciprocal tariffs from 125% to 10% for 90 days. President Trump said he spoke with CEO Tim Cook about boosting Apple’s U.S. investments after the news.

Apple shares jumped more than 6% following Monday's announcement that the U.S. and China agreed to a truce in their escalating trade war. Apple's market rally added around $180 billion to its now approximately $3.15 trillion market cap.

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