Apple to invest more in US output
US President Donald Trump has sought to pressure companies including Apple to move factories to the US.
The iPhone maker's CEO Tim Cook unveiled the increase at a news conference on Wednesday with Trump.
He said, It will spur even more production right here in America for critical components used in Apple products all around the world. We are going to keep working with our suppliers to move even more of this incredibly advanced work to America."
Apple's investment plan includes bringing glass production for iPhones to an existing supplier in Kentucky.
Output of chips for Apple at Taiwan Semiconductor Manufacturing Company's US plants would grow under the plan.
The plan brings Apple's investment in the US to 600 billion dollars over the next four years, including that announced in February this year.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Japan Times
14 minutes ago
- Japan Times
U.S. and Japan working to announce tariffs won't stack
The United States is working to finalize an announcement that would end the stacking of universal tariffs on Japanese goods, a senior Trump administration official said Friday. The plans, detailed on the condition of anonymity, would resolve prolonged confusion over how U.S. President Donald Trump intended to impose levies on a key trading partner after striking a deal, and match public comments made by Ryosei Akazawa, Tokyo's top trade negotiator, after a meeting on Thursday with his counterparts in Washington. The announcement, which could take the form of a joint statement from the two countries, would clarify that Japan — like the European Union — would see its 15% reciprocal tariff rate incorporate existing most-favored nation duties. Akazawa, who met with Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, said U.S. officials expressed regret that the stacking rule had been applied to Japan despite a verbal agreement, and said Washington would refund any overpaid levies, he said. "We've strongly urged our counterparts to promptly implement these measures,' Akazawa told reporters on Saturday, shortly after returning to Tokyo. He declined to comment on when a decision will be made, but made mention of the U.S.-U.K. trade pact and how it took 54 days to take effect. "Keeping such things in mind when it comes to timing, we believe every day matters,' Akazawa said. Japan was hit with higher-than-expected universal tariffs as part of the wave of new levies introduced by the Trump administration Thursday. While the scale of the discrepancy was likely minor, the confusion sparked renewed criticism of Prime Minister Shigeru Ishiba, who already faces calls to step down over a poor election showing. "We have confirmed that when the U.S. side takes measures to revise the executive order on universal tariffs, they will issue another order to reduce tariffs on cars and auto parts,' Akazawa said. "We will continue to urge the U.S. side, through all available means and channels' to make those things happen, he said. He added that he wasn't sure when the orders would be issued, but he didn't expect it to take as long as six months or a year. Under the stacking system, the 15% tariff applied to Japan is being added to existing levies on its products. When Japan receives an exemption, Akazawa said that the 15% rate would apply to items that previously had levies of less than 15%, while items that in the past had tariffs of more than 15% will no longer face additional levies. More importantly for the Japanese economy, carmakers are still struggling with tariffs at 27.5% — a combination of a previous 2.5% rate and a new 25% levy applied by Trump. "With each day that passes, the losses incurred by Japanese companies are mounting,' Akazawa said, adding that some companies are seeing an hourly loss of ¥100 million ($679,000), without citing which companies they are. "In this respect, there is no change to what we have been saying previously. We are seeking the issuance of the executive order as quickly as possible — whether by a day or even by a moment,' he said. The lack of clarity on the timing of a promised cut to 15% is making it hard for the car companies, mainstays of the economy, to plan ahead. The auto sector employs roughly 8% of the nation's workforce and is a trend setter for wage growth, which has supported the central bank's gradual interest rate hikes. Japan's benchmark Topix index climbed as much as 1.7% after Akazawa spoke, with a measure of automakers among sectors providing the biggest boost. Toyota and Honda each rose more than 3%. Akazawa chalked up the discrepancies over the stacked tariffs as a misstep introduced during the administrative processing of the agreement, insisting that Japan and the U.S. were aligned on the trade deal agreed in late July. He also defended his call not to draw up the agreement in writing — a decision that has been questioned by opposition lawmakers as confusion mounted over the finer details of the deal. Still, he did not give an indication of when the lower across-the-board and reduced auto tariffs may come into effect, instead saying it will happen "in a timely manner.' He hinted that he may continue to travel to Washington, and said he'd invited his U.S. counterparts to Japan. "As I understand it, the U.S. side will handle the matter in a reasonable manner. That is why we are saying the tariffs will be implemented 'in due course',' he said.
Kyodo News
2 hours ago
- Kyodo News
Kyodo News Digest: Aug. 10, 2025
TOKYO - The following is the latest list of selected news summaries by Kyodo News. ---------- Firms believing Japan economy growing falls to 30% amid tariff woes TOKYO - Just a third of major Japanese firms said the domestic economy was continuing to grow, falling from the 71 percent that said so in January, reflecting uncertainty over the tariffs imposed by U.S. President Donald Trump, a Kyodo News survey showed recently. In the survey of 113 companies, just 33 percent said they expect moderate growth, while those that responded they were either "concerned" or "somewhat concerned" regarding the levies hit 68 percent. ---------- Astronaut Onishi returns to Earth after 5-month mission to ISS WASHINGTON - Japanese astronaut Takuya Onishi along with three fellow crew members returned to Earth on Saturday after spending around five months orbiting the planet aboard the International Space Station. "Thank you very much to everyone who supported me during my long stay on the ISS," Onishi, 49, posted on the social media platform X. Onishi, from the Japan Aerospace Exploration Agency, along with two Americans and one Russian, departed the station on SpaceX's Crew Dragon capsule on Friday afternoon. ---------- Nagasaki warns of impending nuclear war on 80th A-bomb anniversary NAGASAKI - Nagasaki on Saturday warned of the intensifying threat of nuclear war as it marked the 80th anniversary of the U.S. atomic bombing, urging the world to learn from history and ensure the southwestern Japanese city remains the last to suffer such devastation. "This existential crisis of humanity has become imminent to each and every one of us living on Earth," Mayor Shiro Suzuki said in the Peace Declaration read during the annual memorial ceremony, laying out a bleak outlook for the world that is plagued with a "vicious cycle of confrontation and fragmentation." ---------- Japan summer holiday travel rush underway as trains, flights full TOKYO - Japan's summer holiday travel rush got underway Saturday, with many shinkansen bullet train services and flights fully booked as people returned to their hometowns or set off on domestic and overseas vacations. JR Tokyo Station was crowded from the early morning as all seats on the Nozomi shinkansen bullet train services to the major metropolises of Nagoya, Osaka and Fukuoka were booked out, with long lines of passengers seeking unreserved seats on other trains. ---------- Football: Komori brace gives Urawa win at Yokohama FC YOKOHAMA - Hiiro Komori scored early in each half as Urawa Reds grabbed a 2-1 win away to Yokohama FC on Saturday in the J-League first division. Urawa moved up to 41 points, five behind leaders Vissel Kobe, before six matches are played Sunday. Yokohama FC remained at the bottom of the table with 19 points, having lost seven straight. ---------- Baseball: Hawks beat Fighters to extend PL lead FUKUOKA - Hotaka Yamakawa and Jeter Downs both homered to back a strong outing from Kohei Arihara as the SoftBank Hawks beat the Nippon Ham Fighters 4-1 on Saturday. The win, in the opener of a crucial three-game home series, saw the Hawks extend their lead at the top of the Pacific League standings to two games over the second-place Fighters. ---------- White House confirms Japan, like EU, exempt from tariff stacking WASHINGTON - A White House official on Friday confirmed that imports from Japan, like those from the European Union, will be exempt from tariff stacking, meaning the United States will not add a new 15 percent rate set for the Asian country on top of preexisting duties. The confirmation came a day after Japan's top tariff negotiator Ryosei Akazawa said U.S. President Donald Trump's team had acknowledged that his executive order on so-called reciprocal duties signed last week was inaccurate and did not properly reflect a trade deal Tokyo and Washington struck on July 22. ---------- Video: Eve of Yosakoi dance festival
NHK
10 hours ago
- NHK
Japan PM Ishiba briefed by chief trade negotiator on tariff talks in US
Japanese Prime Minister Ishiba Shigeru has told his chief negotiator on US tariffs to explain to the public the measures he has confirmed so far with Washington. Economic Revitalization Minister Ryosei Akazawa has just returned from a visit to the US capital. Akazawa briefed the prime minister on Saturday about his meetings with US Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent. Akazawa reported that the US side agreed to amend an executive order on tariffs to correctly reflect what the two countries had agreed upon. Japan wants the amended order to clarify that the baseline US tariff of 15 percent will not be stacked on top of existing duties. Akazawa also confirmed that Washington will issue another executive order to lower its levies on Japanese autos and auto parts to the agreed 15 percent. Ishiba told Akazawa that the public deserves an explanation because interest in the topic is high and the government needs to seek the people's understanding. After the meeting, reporters asked Akazawa if he plans to prepare a written document for public disclosure. He replied that he will consider it. He said he believes it is better to give an explanation after Japan and the US decide how to handle major sector-by-sector tariffs.
