Apple adds $ 180 billion to the market ceiling, where Trump reveals that he spoke to CEO Tim Cook after China’s tariffs definitions

• Apple’s share jumped by 6 % on Monday, adding about $ 180 billion To the maximum market after the United States and China have agreed to reduce mutual tariffs from 125 % to 10 % for 90 days. President Trump said he spoke with CEO Tim Cook about strengthening Apple’s US investments after the news.

Apple shares jumped more than 6 % after Monday announced that the United States and China had agreed to a truce in their escalating trade war. The Apple Market Rally added about $ 180 billion to the maximum market, approximately $ 3.15 trillion.

After Trump called “very friendly” discussions in Switzerland at the end of last week, the two countries announced a 90 -day agreement as part of the “total re -appointment” in relations, with already follow -up negotiations. Under Monday, the two countries will reduce mutual definitions from 125 % to only 10 %.

Trump framing the development as a victory for the United States, and informed the White House journalists: “China was very badly harmed. They were closing the factories that were having trouble and were very happy to do something with us.”

The market rose on the news, as the S&P 500 got 3.26 % with a strong performance of technology companies. Apple and Amazon have witnessed the largest gains, as stocks jump by 6.3 % and 8.07 %, respectively.

In a note, Dan Evez described from Wedbush as the development of the “best scenario” from weekend conversations.

He wrote: “With the presence of the United States/China clearly on an accelerated path for a wider deal, we believe that its highest levels in the market and technical stocks are now on the table in 2025, where investors are likely to focus on the next steps in these discussions that will happen in the coming months.”

Apple is particularly exposed to Trump’s trade war with China

Apple was injured by Trump’s commercial war with China, as the country is a major center for technology manufacturing.

Apple is particularly vulnerable because its supply chain for iPhone, Apple Watches and iPad operates outside the United States, mainly in Asia.

Morgan Stanley analysts earlier that the Trump tariff could reduce the company’s profits by 7 % next year, which reduces 8.5 billion dollars from the final result.

According to what Apple is already reported, the price increases in the fall collection of iPhone devices, but the company is trying to avoid a scenario as the price can be blamed for the high prices on the US tariff, per Wall Street Journal.

Once again in April, Main apple goodsIncluding iPhone and MacS – Granted from a handful of 145 %.

Even after Sunday’s agreement, Beijing’s components will continue to withstand 30 % fees, and Apple will compete with a 10 % tariff for the collected products in alternative centers such as India and Vietnam.

Trump planned the company on Monday, announcing that he spoke to the CEO of the company, Tim Cook, after the announcement.

The president told reporters at the Oval Office: “I spoke to Tim Cook this morning, and he is going, I think, even his numbers.” “500 billion dollars, will build a lot of plants in the United States for Apple. We look forward to this.”

Cook has already adhered to spending $ 500 billion to boost its American operations, but experts say that the transfer of the Apple production line will take time and may increase prices in the short term.

Apple representatives did not respond immediately to request a comment from luck.

This story was originally shown on Fortune.com