Apple's response to trade tariffs? $500 billion and thousands of new jobs for the US

Kevin Carter/Getty Images Apple has announced it is making a $500 billion investment in the US over the next four years. The company said it plans to create 20,000 new jobs, launch a new server factory in Texas, and in general, grow its role in US manufacturing. This is a big commitment to expand operations in the US, and it seemingly comes as a response to trade tariffs. Shielding Apple from tariffs Last week, Apple CEO Tim Cook met with President Donald Trump and governors at the White House. Trump later told the press that Apple is investing hundreds of billions of dollars, likely in the US. Now, the company has made the investment official, and many see it as a move to shield Apple from the potential impact of rising tariffs, such as the 10% tariff on Chinese imports and the looming 25% tariff on chips. Also: The head of US AI safety has stepped down. What now? The investment includes plans to open a new server factory in Houston, Texas. The 250,000-square-foot facility, set t ... Read full article.