Investment & Manufacturing - Apple is committing to invest $600 billion in the United States over the next four years, which is $100 billion more than originally planned [2][37] - This investment is expected to directly create more than 20,000 new American jobs, with thousands more at Apple suppliers [4] - Apple is launching an American Manufacturing Program to increase production of critical components in the US [37] - Apple will build a 250,000 square foot server manufacturing facility in Houston and invest billions in data centers across the country [9] - Apple will open a manufacturing academy in Detroit [9] Supply Chain & Production - Apple is increasing spending on its domestic supply chain for the iPhone [5] - Apple will build the largest and most sophisticated smart glass production line in Harrodsburg, Kentucky [5][41] - Every new iPhone and Apple Watch sold globally will contain cover glass made in Kentucky [41] - American manufacturers are on track to make 19 billion chips for Apple in 24 factories across 12 states this year [40] - Apple is committed to buying American-made advanced rare earth magnets developed by MP Materials [40] - Apple will help develop and manufacture semiconductors and semiconductor equipment in Texas, Utah, Arizona, and New York [13] Trade & Tariffs - The US is considering a tariff of approximately 100% on chips and semiconductors coming into the United States, but companies building in the US will be exempt [31][32] - Tariffs are bringing in hundreds of billions of dollars [26][27] Economic Impact - The US economy grew at 3% in the second quarter [22] - Consumer confidence is surging, and blue-collar wages are rising rapidly [22]
Trump Plans 100% Tariff on Chips With Carveout for Apple, Others (Full Remarks)