Trump, Apple to announce new $100B U.S. investment, Bloomberg reports

President Donald Trump is expected to declare on Wednesday that Apple (AAPL) will commit to spend another $100B on domestic manufacturing, Bloomberg’s Hadriana Lowenkron reports. The announcement at the White House includes a new manufacturing program designed to bring more of Apple’s supply chain to the U.S., with an eye toward manufacturing additional critical components domestically, according to a White House official who detailed the announcement. “President Trump’s America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American businesses,” White House spokesperson Taylor Rogers said in a statement. “Today’s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to protect America’s economic and national security.”