(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)
