Major Tech Companies Pledge Billions in US Investments

In a groundbreaking announcement at the White House, President Donald Trump revealed that leading technology firms, including Apple Inc., Nvidia Corporation, and Taiwan Semiconductor Manufacturing Company Ltd. (TSMC), have committed to relocating or significantly expanding their operations within the United States. This move comes as a direct response to the administration's introduction of various tariffs on foreign-made goods.

Financial Commitments Highlighted

Trump detailed the substantial financial pledges from these corporations: Apple Inc. has promised a $5 billion investment, Oracle Corporation $500 million, Nvidia Corporation "hundreds of billions," Meta Platforms Inc. $500 billion, and TSMC $200 billion. These investments mark a significant shift from their previous manufacturing bases in China to the US, underscoring the impact of the new tariff policies.

Warning Against Tariff Circumvention

The President also issued a stern warning to any countries or entities attempting to bypass the newly imposed tariffs, emphasizing the importance of fair economic treatment and the preference for American goods to avoid duties. This announcement not only highlights the administration's economic strategies but also sets a precedent for future international trade relations.