Apple’s Stock Movement Following New Agreements
CNBC's Jim Cramer highlighted the significant movement in Apple’s stock following its recent agreement with President Donald Trump, an event he describes as a 'remarkable turn' for both the company and the broader market. Cramer noted that the impact of this deal resonated across the technology sector, making it an attractive area for investment.
Details of Apple's Investment Plans
On Wednesday, Apple announced plans to invest $100 billion in U.S. suppliers and companies over the next four years, supplementing an earlier commitment of $500 billion made in February. Part of this investment includes establishing a domestic iPhone glass manufacturing plant with a $2.5 billion fund.
Trump’s Tariff Proposals
Meanwhile, President Trump declared plans to impose a 100% tariff on imported semiconductors and chips, with exemptions for companies manufacturing within the United States. He stated, "We're going to be putting a very large tariff on chips and semiconductors, but if you're building in the U.S. or have committed to do so, there will be no charge."
Market Response to Announcements
The...