Apple just dropped a bombshell that could reshape American manufacturing.
According to the New York Post, at a White House meeting on Wednesday, Apple CEO Tim Cook and President Trump unveiled a massive $100 billion investment in domestic production, alongside a prior $500 billion commitment, even as new tariffs hit India, a key iPhone producer.
Let’s rewind to earlier this year. Apple had already promised $500 billion over four years for U.S. manufacturing, including a new plant in Houston announced in February.
Fast forward to Wednesday, when Cook met Trump in the Oval Office. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick were also present for the announcement of this additional $100 billion pledge over the next four years.
This comes on the heels of Trump’s pressure on Cook to move production away from China, where most iPhones are still made. Back in May, Trump voiced concerns over Apple’s growing reliance on India for manufacturing. Trump didn’t mince words, reportedly telling Cook, “We’re not interested” in Indian production, pushing instead for U.S.-based facilities.
Shortly before this latest announcement, Trump imposed a 25% tariff on India, a major hub for iPhone production. Yet, according to CNBC, citing White House sources, Apple remains “largely unaffected” by this executive order.
This isn’t the first tariff dance for Apple. The company had previously shifted production to India to dodge 30% tariffs on Chinese imports, and Trump had earlier exempted several Apple products from reciprocal tariffs rolled out in April.
Now, with this new $100 billion, Apple is doubling down on its “American Manufacturing Program.” The initiative aims to boost U.S. capacity for critical components, as stated by the Cupertino-based tech giant.
Who’s in on this deal? Apple is teaming up with 10 U.S. companies, including Corning, Coherent, GlobalWafers America, Applied Materials, Texas Instruments, Samsung, GlobalFoundries, Amkor, and Broadcom.
Corning, for instance, scored a $2.5 billion commitment to produce all cover glass for iPhones and Apple Watches in Kentucky. Meanwhile, Applied Materials will supply chipmaking equipment to Texas Instruments’ plants nationwide.
Investors seem to approve—Apple shares jumped 5.1% to close at $213.28 ahead of the White House event. Could this signal confidence in Apple’s domestic strategy, or is it just market hype?
But not everyone’s cheering. Critics question whether Apple can deliver on its whopping $600 billion total pledge, pointing out that some projects were announced before. A former Trump official told The Post that this might be a distraction from Apple’s ties to China.
Apple’s track record adds fuel to the skepticism. Plans for a North Carolina facility announced in 2021 were paused last year, raising doubts about follow-through.
For investors and free-market advocates, this saga underscores a bigger question: Can government pressure and tariffs truly reshore critical industries, or are they just costly distortions? If you’re eyeing Apple stock, watch execution over promises—$213.28 might not hold if pledges falter. True wealth-building lies in betting on results, not rhetoric.