He added that “if they are coming in, building, planning to come in, there will not be a tariff.”
Trump last month during an event with Cook said that he planned a 100% tariff on semiconductors, while exempting products from companies that move their manufacturing to the US. Apple has pledged to spend $600 billion on a domestic manufacturing initiative.
Trump has previously suggested that the rate on tariffs could be well above 100%, reaching potentially as high as 200% or 300%.
