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President Donald Trump announced on Wednesday that Apple will invest an additional $100 billion in the United States, a move that could help it sidestep potential tariffs on iPhones.

The new investment — announced by Apple's Tim Cook — would increase the company's commitment to U.S. manufacturing to $600 billion over the next four years, a White House official said.

Apple will commit another $100 billion toward domestic manufacturing on Wednesday – a move that comes as the Trump administration slaps steep tariffs on India.