Apple confirmed an additional $100 billion commitment to the U.S. as investors awaited a meeting at the Oval Office between President Donald Trump and CEO Tim Cook. Apple said in a news release on Wednesday that it’s significantly accelerating its investment in the U.

Apple stock was on course for a second day of solid gains, after President Trump said late Wednesday the iPhone maker and other tech companies could avoid 100% chip tariffs by [investing in U.S. manuf

While Apple is unlikely to start making iPhones in the U.S., investors seem to think that increased manufacturing commitments more generally could help secure better tariff treatment.