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
As President Donald Trump pushes to revive domestic manufacturing and impose tariffs on other countries, Apple announced Monday that it will commit more than $500 billion to expanding its facilities and investments in the United States over the next four years.
As part of the 12-figure commitment, the largest in Apple's history, the company plans to hire 20,000 people and build dozens of facilities across the United States. Apple plans to "double its U.S. Advanced Manufacturing Fund" and work with "thousands of suppliers across all 50 states" to produce more products domestically, the tech giant said in a Monday statement.
The announcement comes after Trump imposed 10 percent additional tariffs on all goods imported from China, where Apple produces most of its iPhones and other products.
Trump during a Thursday meeting with Apple CEO Tim Cook attributed the tech giant's investment to his tariffs.
"He's investing hundreds of billions of dollars, I hope he's announced it," Trump said of Cook. "He's investing hundreds of billions of dollars. And others, too, a lot of chip makers coming in, a lot of automakers coming in."
White House trade counselor Peter Navarro echoed Trump's sentiment, saying on Monday that "hundreds of billions of dollars now across different industries and sectors [will be] coming into this country, investing here instead of Tim Cook going to China."