In a significant announcement made during an event at the White House, President Trump and Apple CEO Tim Cook unveiled a commitment from Apple to invest an additional $100 billion in U.S. manufacturing. This investment comes as a response to impending tariffs on chips and aims to bolster domestic production of iPhone parts and cover glass for both iPhones and Apple Watches, which will be manufactured in Kentucky. This partnership is seen as a critical step in addressing trade tensions and aims to enhance American jobs and supply capabilities. In a gesture of goodwill, Tim Cook presented Trump with a customized 24K gold gift to commemorate the occasion. The announcement has resulted in a surge in Apple’s stock prices, reflecting positive investor sentiment and expectations of future growth.