U.S.-China trade agreement in Geneva, President Donald Trump announced that he had spoken with Apple CEO Tim Cook. As part of the agreement, both countries have decided to suspend most tariffs for 90 days. Trump mentioned that Cook is planning to significantly increase Apple’s investment in U.S. manufacturing, stating that Apple could be building numerous new plants domestically. Trump estimated Apple’s investment could reach $500 billion.
The Times of India
Apple shares jumped more than 6% following Monday's announcement that the U.S. and China agreed to a truce in their escalating trade war.
Yahoo Finance
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New York Post
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Meanwhile, Apple is reportedly considering raising prices on its upcoming fall iPhone lineup, possibly the iPhone 17 models, while introducing new design features such as an ultrathin model. The decision, influenced by U.S. tariffs on Chinese goods, comes as the company tries to avoid publicly attributing cost increases to political trade policies.
Reuters
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The Wall Street Journal
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TBS News
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In a separate development, President Trump has said that he personally urged Apple CEO Tim Cook not to expand the company’s manufacturing operations in India, even as Apple moves to shift production out of China amid rising tariffs and geopolitical tensions. Speaking at an event in Qatar during his three-day visit to the Middle East, Trump said he spoke to Apple CEO Tim Cook. The two spoke after the recent U.S.-China trade agreement in Geneva, which included a 90-day pause on most tariffs between the two countries.
Fortune India
In summary, the recent U.S.-China trade agreement has led to a temporary suspension of tariffs, prompting discussions between President Trump and Apple CEO Tim Cook about increased U.S. investments. Apple's stock responded positively, though the company is also considering raising iPhone prices, potentially due to ongoing tariff-related costs.
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