Investing.com -- US President Donald Trump announced that Apple Inc (NASDAQ: AAPL ) plans to construct new plants within the United States, shifting away from previous plans to build in Mexico, according to Bloomberg News. The President made this statement following a conversation with Apple CEO Tim Cook on Thursday.

According to Trump, Apple's decision to relocate its manufacturing facilities is a response to tariffs. The tech giant has reportedly halted the construction of two plants in Mexico. Further details regarding the number or location of the new US plants were not provided.

In addition to these changes, Trump revealed that Apple has plans to invest hundreds of billions of dollars into U.S. manufacturing. The President also commented on expectations of more chipmaking companies building presences in the US.

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