(Reuters) -Iphone maker Apple shares rose 1.6% 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% tariff rate he announced on Wednesday would not apply to companies that have made a […]
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Apple shares rise as US investment pledge eases tariff concerns
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(Reuters) -Iphone maker Apple shares rose 1.6% 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% 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.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)