Trump announced "a very large tariff on chips and semiconductors," but said that companies investing in the U.S. like Apple would be exempted.

Apple CEO Tim Cook has announced that the tech giant will invest an additional USD 100 billion in the United States, taking its total commitment to USD 600 billion over the next four years. The announcement was made during a meeting at the White House with President Donald Trump and Commerce Secretary Howard Lutnick on August 6, 2025.

Apple CEO Tim Cook presented President Donald Trump with a one-of-a-kind piece of Corning glass, featuring an Apple logo at the center, Trump's name at the top, and the inscription "Apple American Manufacturing Program" below.