President Trump will announce today a major investment from Apple in US manufacturing over the next four years. Trump is holding a press conference at around 4:30pm eastern and Apple’s CEO, Tim Cook, will be with him.

Here’s what we know via Newsweek:

Trump is set to announce a sweeping new initiative this afternoon aimed at revitalizing domestic manufacturing, anchored by a $100 billion investment pledge from Apple Inc. The move brings Apple’s total U.S. commitment to $600 billion over the next four years, according to the White House.

The centerpiece of the announcement is the launch of the “American Manufacturing Program,” a federal effort to reshore critical components of Apple’s supply chain and expand advanced manufacturing across the country. The program is also expected to incentivize other companies to follow suit.

“Today’s announcement with Apple is another win for our manufacturing industry,” said White House spokeswoman Taylor Rogers, calling it a step toward safeguarding America’s economic and national security.

Apple’s investment comes amid pressure from the Trump administration to avoid tariffs on iPhones produced overseas. The tech giant has already committed to building a new server plant in Houston and launching a supplier academy in Michigan.

I’ll be posting a live stream for you to watch the entire press conference. I think it’s of great importance to many, considering Apple products are very popular.