Trump talks with Cook, stating that Apple will invest in building factories in the U.S
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Trump spoke with Apple CEO Tim Cook, stating that Apple will invest in building factories in the United States, causing the stock price to rise over 5.5%. This news has excited Wall Street, as the U.S. and China reached a tariff suspension agreement. Although Apple has announced a $500 billion investment, the substantial benefits of policy adjustments for Apple remain unclear, and it still faces pressure from Chinese import tariffs. Experts believe that the difficulty and cost of shifting equipment production back to the U.S. are high
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