Apple responds to tariff threat with a $500 billion US investment

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Apple has announced plans to invest more than $500 billion in the US over the next four years, including hiring 20,000 new employees and launching a new server factory in Texas. The announcement was teased after a meeting last week between CEO Tim Cook and President Donald Trump, and comes as the company tries to mitigate the business impact of Trump’s trade tariffs, with a 10 percent tariff already in effect on goods imported from China, and a 25 percent tariff threatened for chips.

The announcement echoes one Apple made in early 2018, during the…



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Apple responds to tariff threat with a $500 billion US investment


Apple has announced plans to invest more than $500 billion in the US over the next four years, including hiring 20,000 new employees and launching a new server factory in Texas. The announcement was teased after a meeting last week between CEO Tim Cook and President Donald Trump, and comes as the company tries to mitigate the business impact of Trump’s trade tariffs, with a 10 percent tariff already in effect on goods imported from China, and a 25 percent tariff threatened for chips.

The announcement echoes one Apple made in early 2018, during the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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