In April, Trump publicly promised that his trade war would result in "Made in America" iPhones, but Apple remained silent. By May, Trump appeared frustrated by Apple's supply chain moves, claiming while on a Middle East tour that he had “a little problem with Tim Cook."

Apple is investing another $100 billion to expand its operations in the United States, the company announced on Wednesday, as President Donald Trump said he would levy a large import tax on chips coming into the country.

Shares of Apple climbed more than 3% premarket on Thursday following the news. Apple says that the $100 billion announcement includes its new American Manufacturing Program (AMP),