Apple shares rise as US investment pledge eases tariff concerns

A gift given by Apple CEO Tim Cook to U.S. President Donald Trump stands on President Trump's table, as they present Apple's announcement of a $100 billion investment in U.S. manufacturing, in the Oval Office at the White House in Washington, D.C., U.S., August 6, 2025. REUTERS/Jonathan Ernst/File Photo

(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)