Donald Trump and Tim Cook will announce a new $100 billion investment in U.S. manufacturing at the White House on Wednesday as the Apple CEO makes a clear bid to spare his company the brunt of the Trump administration’s impending tariff costs.
The White House said Wednesday that Cook will announce a total of $600 billion in U.S. manufacturing efforts, building on a figure of $500 billion the company announced in February. Cook’s announcement of the new $100 billion investment comes just one day before enforcement of some of Trump’s so-called “reciprocal” tariff rates is to begin.