Trump speaks with Cook, says Apple Inc. will invest in building a factory in the US.

On Monday, US President Trump said that after reaching an agreement with China to temporarily suspend the majority of tariffs for 90 days, he had a phone call with Apple Inc. CEO Tim Cook. This news not only lifted Wall Street but also cheered up investors of Apple Inc. As of the time of writing, Apple Inc. stock price has risen more than 5.5%, exceeding the 3.5% increase in the Nasdaq index. Trump told the media, "I had a great conversation this morning with Tim Cook. I think he's going to increase them. That's $5 billion for Apple. He's going to build a lot of plants in the United States. I mean, I hope so." In fact, as early as February this year, Apple Inc. announced that it would invest about $5 billion in the United States to expand its various businesses there, including assembling AI servers in Houston. As one of the world's most valuable technology companies, Apple Inc. produces most of its devices in China, which is also the company's third-largest sales market. Therefore, any news of cooling down trade tensions is seen by the market as a positive for Apple Inc. However, despite the boost in stock prices on Monday, it remains unclear how much actual benefit this policy adjustment will bring to Apple Inc. In April this year, some of Apple Inc.'s core products, such as smartphones and computers, received a 145% tariff exemption. However, even with the new agreement reached this week, a 30% tariff on imported Chinese products is still in place. Additionally, Apple Inc. faces a 10% tariff pressure in secondary production locations like India and Vietnam. The Trump administration has been hoping that Apple Inc. will bring device production, including the iPhone, back to the US, but most experts believe this is difficult to achieve in reality and comes with high costs. Earlier this month, Cook discussed tariff strategies at an Apple Inc. earnings call. He mentioned that Apple Inc. is reallocating production of products for the US market from Vietnam and India, but admitted that the situation beyond June is "hard to predict" and didn't want to speculate further.