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Wary of Trump Tariffs, Apple to Add US Jobs
Mint New Delhi
|February 25, 2025
The company said it will hire 20,000 new workers and produce AI servers in the US.
Apple Inc., as it seeks relief from US President Donald Trump's tariffs on goods imported from China, said that it will hire 20,000 new workers and produce AI servers in the US.
The company said Monday that it plans to spend $500 billion domestically over the next four years, which will include work on a new server manufacturing facility in Houston, a supplier academy in Michigan and additional spending with its existing suppliers in the country.
The disclosure comes days after Trump and Apple Chief Executive Officer Tim Cook met in the Oval Office.
"He's investing hundreds of billions of dollars," Trump said after the meeting last week. He implied that the iPhone maker is investing locally because it does not want to pay tariffs.
Trump has threatened an additional 10% tax on items imported from China, where Apple builds the vast majority of iPhones and other products. But he has traded investment in the US for relief in the past.
The $500 billion investment and 20,000 new jobs over the next four years mark Apple's biggest US commitment to date.
Diese Geschichte stammt aus der February 25, 2025-Ausgabe von Mint New Delhi.
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