U.S. President Donald Trump is expected to announce a $100 billion (140 trillion won) commitment of additional investment in the United States from Apple, Bloomberg News reported on the 6th.
According to the report, the announcement is set to take place later this afternoon at the White House. Bloomberg noted that it includes a new manufacturing program to bring more parts of Apple's supply chain to the United States and produce key components of Apple products domestically.
Kevin Hassett, Chairman of the White House Council of Economic Advisers, also said in an interview with Fox Business that "we have received commitments to construct new factories worth trillions of dollars in the United States," adding, "You are likely to see one of those commitments from Apple today."
Taylor Rogers, a Spokesperson for the White House, stated in a release that "President Trump's 'America First' economic agenda has secured trillions of dollars in investments supporting American jobs and strengthening American corporations," and said, "Today's announcement related to Apple is another victory for our manufacturing that will help bring the production of critical components back to the United States to protect our economy and national security."
Earlier this year, President Trump warned that he would impose a minimum 25% tariff if Apple did not transfer its iPhone manufacturing base from overseas to the United States.