Source: The Patriot Light | AWK Network | VIEW ORIGINAL POST ==>
Recent tariffs enacted against China by President Donald Trump appear to be generating their intended consequence: more domestic investments in the American economy.
Exhibit A is Apple, the tech behemoth worth $3.7 trillion and officially the world’s most valuable company. On Monday CEO Tim Cook announced that it will be pouring $500 billion into the U.S., including building a 250,000-square-foot AI server manufacturing facility in Houston.
Plenty of money will make quick work of the facility, which is slated to open in 2026. Over the next four years, Apple said it intends to hire another 20,000 American workers.
“We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future,” Apple CEO Tim Cook said in a statement Monday.
Most of those hired will be focused on on research and development, or R&D, silicon engineering, software development, and AI and machine learning, Apple said.
The move comes after Cook met recently with President Trump, a conversation that almost certainly centered on moving some of Apple’s production stateside. The tech…
