Trump says he talked to Apple CEO Tim Cook after China tariff rollback
Group 1 - The U.S. and China have agreed to suspend most tariffs for 90 days, positively impacting Apple and its investors, leading to a 6% increase in Apple stock [1] - President Trump mentioned a conversation with Apple CEO Tim Cook, indicating that Apple plans to invest $500 billion in building new plants in the U.S. [2] - Any easing of the U.S.-China trade tensions is expected to benefit Apple, which relies heavily on production in China and considers it its third-largest market by sales [3] Group 2 - Apple previously announced plans to spend $500 billion to expand operations in the U.S., including the assembly of AI servers in Houston [2]