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People Making Unprecedented Commitments to US, Says Lavorgna
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August 6, 2025
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9:36Now PlayingJoseph Lavorgna, counselor to Treasury Secretary Scott Bessent, said Apple's commitment to spend $100 billion on domestic manufacturing was aided by Trump's tax-cut law. Lavorgna also touched on the search for a new fed governor and if that temporary appointment could turn into into long-term tenure as fed chair.
President Donald Trump plans to announce that Apple Inc. will commit to spending another $100 billion on domestic manufacturing, the latest pledge by the tech giant to increase US production of its products as it seeks to avoid punishing tariffs on its flagship iPhones.
The announcement at the White House on Wednesday includes a new manufacturing program designed to bring more of Apple’s supply chain to the US, with an eye toward assembling additional critical components domestically, according to a White House official who detailed the announcement on the condition of anonymity. Apple Chief Executive Officer Tim Cook is expected to attend the event.
“President Trump’s America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American businesses,” White House spokesperson Taylor Rogers said in a statement. “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.”
Apple did not immediately respond to a request for comment.
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