News Summary

• The tech giant is set to announce Wednesday another $100 billion in spending to help boost production of its products here in the U.S.
• The news comes as President Trump has threatened the iPhone maker with tariffs unless it moves more of its manufacturing from Asia to the United States.
• Apple, which mainly manufactures its devices in India, China, and Vietnam, has already been affected by tariffs.
• The company incurred $800 million in tariff-related costs during June and expects to spend $1.1 billion in the next quarter.