Apple responds to tariff threat with a $500 billion US investment

Apple has announced plans to invest more than $500 billion in the US over the next four years, including hiring 20,000 new employees and launching a new server factory in Texas. The announcement was teased after a meeting last week between CEO Tim Cook and President Donald Trump, and comes as the company tries to mitigate the business impact of Trump's trade tariffs, with a 10 percent tariff already in effect on goods imported from China, and a 25 percent tariff threatened for chips. The announcement echoes one Apple made in early 2018, during the first Trump administration. At that…