A gift given by Apple CEO Tim Cook to U.S. President Donald Trump stands on President Trump's table, as they present Apple's announcement of a $100 billion investment in U.S. manufacturing, in the Oval Office at the White House in Washington,& see more
Iphone maker Apple shares rose 1.6 per cent in early Frankfurt trade after the company committed an additional $100 billion in U.S. investments, easing concerns over the impact of Washington's tariffs on semiconductor imports.
President Donald Trump said a new 100 per cent tariff rate he announced on Wednesday would not apply to companies that have made a commitment to manufacture in the United States.
"We believe concerns over incremental tariff impact to Apple have eased," Citi analysts wrote.
