Trump says he plans to put a 100% tariff on computer chips
'But if you're building in the United States of America, there's no charge.'
During the Covid-19 pandemic, a shortage of computer chips increased the price of cars and contributed to an uptick in overall inflation.
Mr Trump's announcement came as Mr Cook joined him at the White House to announce a commitment by the tech company to increase its investment in US manufacturing by an additional 100 billion dollars (£74.9 billion) over the next four years.
'This is a significant step toward the ultimate goal of ensuring that iPhones sold in the United States of America also are made in America,' Mr Trump said at the press conference.
'Today's announcement is one of the largest commitments in what has become among the greatest investment booms in our nation's history.'
As part of the Apple announcement, the investments will be about bringing more of its supply chain and advanced manufacturing to the US as part of an initiative called the American Manufacturing Programme, but it is not a full commitment to build its popular iPhone device domestically.
'This includes new and expanded work with 10 companies across America. They produce components — semiconductor chips included — that are used in Apple products sold all over the world, and we're grateful to the president for his support,' Mr Cook said in a statement announcing the investment.
The new manufacturing partners include Corning, Coherent, Applied Materials, Texas Instruments and Broadcom among others.
Apple had previously said it intended to invest 500 billion dollars (£374 billion) domestically, a figure it will now increase to 600 billion dollars (£449 billion).
Mr Trump in recent months has criticised the tech company and Mr Cook for efforts to shift iPhone production to India to avoid the tariffs his Republican administration had planned for China.
While in Qatar earlier this year, Mr Trump said there was 'a little problem' with the Cupertino, California, company and recalled a conversation with Mr Cook in which he said he told the businessman 'I don't want you building in India'.
India has incurred Mr Trump's wrath, as the president signed an order on Wednesday to put an additional 25% tariff on the world's most populous country for its use of Russian oil.
The new import taxes to be imposed in 21 days could put the combined tariffs on Indian goods at 50%.
Apple's new pledge comes just a few weeks after it forged a 500 million-dollar deal with MP Materials, which runs the only rare earths producer in the country. That agreement will enable MP Materials to expand a factory in Texas to use recycled materials to produce magnets that make iPhones vibrate.
Speaking on a recent investors call, Mr Cook emphasised that 'there's a load of different things done in the United States'.
As examples, he cited some of the iPhone components made in the US such as the device's glass display and module for identifying people's faces and then indicated the company was gearing to expand its productions of other components in its home country.
'We're doing more in this country, and that's on top of having roughly 19 billion chips coming out of the US now, and we will do more,' Mr Cook told analysts last week, without elaborating.
News of Apple's latest investment in the US caused the company's stock price to surge by nearly 6% in Wednesday's midday trading. That gains reflect investors' relief that Mr Cook 'is extending an olive branch' to the Trump administration, said Nancy Tengler, chief executive of money manager Laffer Tengler Investments, which owns Apple stock.
Despite Wednesday's upturn, Apple's shares are still down by 14% this year, a reversal of fortune that has also been driven by the company's botched start in the pivotal field of artificial intelligence.
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South Wales Argus
17 minutes ago
- South Wales Argus
Trump could meet Putin as soon as next week, White House official says
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Daily Mail
29 minutes ago
- Daily Mail
Inside Sydney Sweeney's secret life as a 'MAGA supporter' as she's revealed as a Republican following American Eagle backlash
Sydney Sweeney has become the unlikely symbol of the war against woke after she was confirmed to be a Republican voter following backlash to her American Eagle campaign. Up until now, the Euphoria star has remained tight-lipped on her voting preferences, but the reveal she votes Republican came as less of a surprise to some eagle-eyed fans. They spotted clues about her political affiliations since 2022 - including mentions of her 'conservative' relatives', her mother's 'make 60 great again' birthday party and handling a gun in an old video at a shooting range - after the jeans campaign became the subject of intense online discourse. After starring in the famously liberal HBO show Euphoria - with its open depictions of sexuality and drug use - Sydney, 27, seemed a surprising MAGA supporter, especially surrounded by her left-leaning co-stars Zendaya and Hunter Schafer. Now, the star has been confirmed to vote Red - even receiving an endorsement from President Trump, who said he 'loves' the actress. Speaking to The Daily Mail, the US leader said: 'Oh, now I love her ad. You'd be surprised at how many people are Republican. That's one I wouldn't have known, but I'm glad you told me that. If Sydney Sweeney is a registered Republican, I think her ad is fantastic.' As noted by several fans, there have long been clues as to Sydney's political background as a Republican. She was even so nervous about her conservative relatives that she nearly didn't take the role that made her famous - as Cassie in Euphoria. Sydney told Stylecaster in 2021: 'What's crazy - and this is going to sound really bad- is when I first got sent the audition, I was too nervous to go do it. 'I grew up in a smaller town with my family, who are a little more conservative, and I was like, 'They're going to kill me if I do something like this.' Sydney grew up in a small, Catholic, Trump-supporting town in Washington with her father, Steven, mother, Lisa, and younger brother Trent and said she had a 'religious' upbringing. Much of the 27-year-old's family has remained in the red state, which voted for Trump by clear margins in each of his runs for president, except her dad, who lives 'off-grid' in Mexico. Despite Sydney's various anti-conservative acting roles, many became suspicious that Sydney might not align with her character's liberal views when internet sleuths found pro-MAGA content on her family's social media. Sydney came under fire when she threw a surprise party for her mum's 60th, where guests were wearing MAGA-style hats and 'Blue Lives Matter' shirts. The starlet shared a carousel of snaps from the bash on Instagram, and fans were quick to point out the political garb worn by some of the attendees. A post by her brother Trent later revealed the hats didn't have the infamous Trump party line, a dog whistle originally uttered by Ronald Reagan, but the slogan 'Make Sixty Great Again'. He wrote at the time: 'Yee haw, happy 60th birthday mom! (The hats say Make Sixty Great Again btw).' The Guardian reported that after the party, that a picture of a baby wearing a MAGA hat outside the White House was found on Trent's Instagram account. Regardless, Sydney was forced to hit back against the backlash, claiming the hats and shirts were worn by her mum's friends at the party as a 'joke'. 'You guys this is wild. An innocent celebration for my moms milestone 60th birthday has turned into an absurd political statement, which was not the intention. Please stop making assumptions. Much love to everyone and Happy Birthday Mom!' she said in a Tweet. Meanwhile, Sweeney was seen in an old shooting range video, which has now been dug up by fans. The clip has now gone viral as it presented how well she can handle a gun; her choice was a Glock, a semi‑automatic pistols designed and manufactured by the Austrian company Glock GmbH. In this old video of Sweeney shooting a gun, it's clear she is comfortable with the assault weapon as she is quick to load, aim and fire, even doing impressive 'double taps.' The siren then beams with pride after being told by other women that she nailed the shots. It was clear this was not the first time she handled a gun and fans were quick to comment on her skills. 'Sydney Sweeney has insane handgun skills,' said one while another added, 'She doesn't just have great jeans; she's also a total pro at the firing range, unloading 17 rounds in just 9 seconds.' Later in 2022, when Sydney spoke to GQ about the accusations that she and her family are republicans, stating there was 'nothing' she could say to 'help the conversation'. 'It's been turning into a wildfire, and nothing I can say will take it back to the correct track,' she said. She spoke about the incident again with Variety in 2023, claiming the controversy caused 'so many misinterpretations'. 'The people in the pictures weren't even my family. The people who brought the things that people were upset about were actually my mom's friends from L.A. who have kids that are walking outside in the Pride parade, and they thought it would be funny to wear because they were coming to Idaho,' she explained. 'People are so fast to build someone up, and then they love tearing them down, and it's so fascinating to see. Three years ago, I was going to college just like everybody else. And all of a sudden, I'm not a human anymore.' Sydney's acting pursuits started when she presented her parents with a five-year business plan outlining how she planned to succeed in the cut-throat industry. 'My mom is a lawyer, and my dad is in the medical field, so school has always been really important. I've always known how to communicate to them through that way,' she told Coveteur in 2019. She and her immediate family uprooted their lives to move to LA when Sydney was 13 to support her dream. Trent tried his hand at acting briefly before enlisting in the military, and he is now part of the United States Air Force. Her parents later divorced in the mid-2010s as her fame was rising before filing for bankruptcy, which Sydney admitted to feeling partially responsible for. 'My parents sacrificed so much to support my dream, and they lost so much during it,' she told Variety in 2023. 'I just felt a responsibility to show them that it was worth it.' She told British GQ in 2022 that since achieving fame, her family 'doesn't understand' her or 'the world (she's) in anymore'. After his split, Sydney's dad moved to Mexico, where he prefers to be disconnected from the world. 'He lives on a ranch in Mexico, and doesn't have internet or cell service,' she shared with Varity. 'I know he's proud of me, and I know he's like, 'Wow, this is a crazy world!'' The isolation made him completely unprepared for the nature of Sydney's role in the hit TV show Euphoria, where she plays the highly-sexualised character, Cassie, who, during the course of the program, was the victim of revenge porn and had an abortion. 'My mum visited me on set quite a few times, so she knew the story,' she said in an interview with NBC's Sunday Today. 'I didn't prepare my dad at all. I mean, how do you bring it up in conversation? And when I talk to my dad, it's usually not about work. It's just, 'Hey, dad'.' Unbeknownst to Sydney at the time, her dad held a viewing party with family and friends for the show's release in support of his daughter, but had no idea about the program's sexual and liberal themes. 'My dad and my grandpa turned it off and walked out,' she said. 'My grandma... she's a fan. She's a big supporter. I bring her all over the world to my different sets and I make her an extra.' The actress even brought her grandmothers to the premiere of her movie Immaculate in which she plays a Catholic nun. Sydney 's political party affiliation has now been revealed as she continues to be embroiled in backlash from her recent American Eagle denim campaign. She is a member of the Republican Party of Florida, according to public voter records viewed by Daily Mail. She registered in Monroe County, Florida in June 2024. Daily Mail has reached out to Sydney's rep for comment but did not immediately hear back. Buzzfeed was first to report the news not long after one social media user on X uploaded a now-viral post on Friday. They wrote, 'was about to make a whole youtube video exploring sydney sweeney's choices not defending her but going through her career context and i just found out this lady is an actual registered member of the republican party as of 2024.' It came after the star modeled items for the clothing brand under the tagline 'Sydney Sweeney Has Great Jeans.' The ad blew up on social media, with some labeling the campaign as 'Nazi propaganda' and others calling the backlash 'ridiculous.' American Eagle has since defended the star in a statement released earlier this week. In one clip for the denim brand, the Anyone But You actress could be seen buttoning a pair of denim blue jeans while saying: 'Genes are passed down from parents to offspring, often determining traits like hair color, personality and even eye color. My genes are blue.' Another clip filmed the star wearing a denim jumpsuit with a plunging neckline on the front as the camera panned down towards her chest. 'My body's composition is determined by my genes,' she said, and then stopped to add, 'Hey, eyes up here.' The camera then jumped back up to her face. The ad also triggered the discovery that Sydney votes Red, as fans offered differing viewpoints on the actress's political party registration by jumping to X, with one penning, 'are we really surprised? lol.' 'I would like to say im im not,' another typed, and one added, 'Her playing a character who supports women's rights while being registered Republican in Florida is something!' An X user shared, 'oh so she's part of the maga family, that's disappointing,' while others came to her defense. 'Its okay for people to have different views than you,' one commented, while a fan also said, 'Y'all need to stop harassing her. She's a human being and is allowed to vote for whoever she wants. There's a thing called free will people.' Another added, 'If every celeb's voter registration became public, we'd probably cancel 80% of Hollywood,' and one wrote, 'Why is this anyone's business? She's an actress, not your elected official.' Sydney's American Eagle campaign has been hugely divisive online, with one critic writing: 'So Sydney (& American Eagle) somehow expect audiences to not interpret this visual as a euphemism for eugenics and white supremacy?' Another said, 'The Sydney Sweeney American Eagle ad campaign is just modern day Nazi propaganda. Like it's wild how blatant it is. Things are weird right now, man.' The words 'great genes' have been 'historically used to celebrate whiteness, thinness and attractiveness,' per a Salon report. The outlet added that using the phrase also made the ads 'seem to be a tone-deaf marketing move.' Earlier this week on Friday, Sydney was defended by American Eagle as the company released a statement amid the backlash. ''Sydney Sweeney Has Great Jeans' is and always was about the jeans,' the brand wrote. 'Her jeans. her story. 'We'll continue to celebrate how everyone wears their AE jeans with confidence, their way. Great jeans look good on everyone.' Buzzfeed was first to report the news not long after one social media user on X uploaded a now-viral post on Friday The Euphoria actress also broke her silence on Saturday by making a return to social media with a cryptic post. She uploaded a photo of a bouquet of pink roses and added a white heart emoji over the image. Insiders have also revealed the impact that the ad starring Sydney has had on the brand - and have claimed that 70% of the reaction to the campaign has been positive. 'This is yet another example of how social media is just not reflective of real life. The absurd response from some corners of the internet is absolutely not reflective of how American Eagle's customers feel,' sources told TMZ. 'The bottom line is that this was about creating a great pair of jeans and supporting a very worthy cause through some of the proceeds going to domestic violence prevention.' They continued, 'Anything beyond that is noise that is not registering with the average person. 'Regardless of how people feel about the ad, we hope they can agree we should be doing more to support and empower those who are experiencing domestic violence.' Late last month on July 23, Sydney opened up about her involvement in the denim campaign in a news release. Earlier this week on Friday, Sydney was defended by American Eagle as the company released a statement amid the backlash 'There is something so effortless about American Eagle,' she expressed. 'It's the perfect balance of being put-together but still feeling like yourself. 'Their commitment to creating pieces that make you feel confident and comfortable in your own skin is something that resonates with me.' The star added, 'It's rare to find a brand that grows with you, the way American Eagle has for generations. They have literally been there with me through every version of myself.' The president of the company Jennifer Foyle also said of campaign, which is set to raise money for domestic violence charities: 'This fall season, American Eagle is celebrating what makes our brand iconic – trendsetting denim that leads, never follows. 'Innovative fits and endless versatility reflect how our community wears their denim: mixed, matched, layered and lived in.' Jennifer continued, 'With Sydney Sweeney front and center, she brings the allure, and we add the flawless wardrobe for the winning combo of ease, attitude and a little mischief.'
Daily Mirror
44 minutes ago
- Daily Mirror
Donald Trump breaks silence on major Putin summit with three-word review
Donald Trump has finally addressed the possibility of a face-to-face meeting with Russian President Vladimir Putin, hours after reports of a summit started to circulate Donald Trump has finally spoken out about the buzz surrounding a potential summit with Vladimir Putin, mere hours after speculation about such a meeting began to make headlines. During a press conference at the White House on Wednesday evening, Trump indicated that there is a "very good prospect" for what could be a momentous one-on-one with Putin. While the press conference in the Oval Office was primarily about Apple's multi-billion-dollar investment in the US, the topic shifted when Trump was probed by journalists regarding the rumours of a summit with Putin. He responded: "There is a very good prospect that we will [meet]." This development unfolds as Trump dealt Russia two significant setbacks within hours earlier today, despite suggestions that he might be willing to engage with Putin as early as next week. The White House reaffirmed on Wednesday its commitment to imposing secondary sanctions on Moscow, with this Friday, August 8, marking the deadline set by Trump for Putin to cease hostilities in Ukraine. Washington had already issued a stark warning that it would severely impact the Russian economy if Moscow did not actively seek peace in Ukraine. Today, the White House doubled down on its commitment to implement regulations that will bar third parties from engaging in trade with entities under Russian sanctions—a policy set to take effect in a mere 48 hours, reports the Express. This firm stance was maintained despite President Trump's remarks that his special envoy Steve Witkoff's recent dialogue with Putin "went well". Taking to Truth Social this afternoon, President Trump posted: "My Special Envoy, Steve Witkoff, just had a highly productive meeting with Russian President Vladimir Putin. "Great progress was made! Afterwards, I updated some of our European Allies. Everyone agrees this war must come to a close, and we will work towards that in the days and weeks to come. Thank you for your attention to this matter!". Earlier in the day, President Trump had branded Russia as an "extraordinary threat" to US national security and foreign policy. He announced this as he enacted an executive order to slap an additional 25% tariff on Indian imports of Russian oil. President Trump clarified his position, stating: "I determine that it is necessary and appropriate to impose an additional ad valorem duty on imports of articles of India, which is directly or indirectly importing Russian Federation oil." The US administration is aiming to cut off a significant source of revenue for the Kremlin by targeting Russian oil sales, thereby crippling their ability to fund the ongoing conflict in Ukraine.
