Apple’s $100B US commitment got it a 100% chip tariff exemption

During today’s Oval Office press conference, President Donald Trump announced that Apple will be exempt from an upcoming “very large tariff on chips and semiconductors”. Here are the details.

Today, Apple announced the American Manufacturing Program (AMP), adding $100 billion to its previously pledged $500 billion investment aimed at expanding domestic facilities and creating jobs.

During the press briefing in which, among other things, Apple CEO Tim Cook gifted President…