President Trump on Wednesday will formally announce a deal with Apple to invest $100 billion in manufacturing in the U.S., an effort to increase domestic production and avoid tariffs.
The announcement is expected to include the launch of the American Manufacturing Program, which would be dedicated to bringing more of Apple’s supply chain to the U.S. and involves the tech giant incentivizing other companies to manufacture more critical components domestically, a White House official told The Hill earlier Wednesday.
“Today’s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to protect America’s economic and national security,” White House spokesperson Taylor Rogers said in a statement.
The event from the Oval Office is expected to begin at 4:30 p.m. EDT.
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