Apple adds $ 180 billion to his market cap, as Trump reveals that he spoke to CEO Tim Cook after China’s rates

• Apple’s action increased by 6% on Monday, and added about $ 180 million In their market lid after the United States and China agreed to reduce reciprocal rates from 125% to 10% for 90 days. President Trump said he spoke with CEO Tim Cook to promote Apple’s United States investments after the news.

Apple shared jumped more than 6% after The announcement on Monday that the United States and China agreed to a truce in its growing trade war. The Apple Market Manifestation added about $ 180 million to its market lid of approximately $ 3.15 trillion.

Following what Trump called “very friendly” debates in Switzerland last weekend, the two nations announced a 90 -day agreement as part of a “total restoration” of relationships, with the planned monitoring negotiations. By virtue of the agreement on Monday, the two countries will reduce their reciprocal rates from 125% to 10%.

Trump framed the development as a victory for the United States, telling the journalists of the White House: “China was hurting very badly. They closed the factories that had a lot of discomfort and were very happy to do something with us.”

The market increased the news, and the S&P 500 won 3.26% led by a strong performance of technology companies. Apple and Amazon The greatest gains were 6.3% and 8.07% respectively.

In a note, Wedbush’s Dan Ives called the development the “best case” of the weekend conversations.

“With the United States/China clearly on an accelerated path for a broader agreement, we believe that new highs for the market and technological actions are now at the table of 2025, as investors will focus on the next steps on these commercial discussions that will pass in the coming months,” he wrote.

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

Apple has been affected by the Trump trade war with China, as the country is a key manufacturing center for technology company.

The apple is particularly vulnerable Much of its iphones supply chain, Apple watches and iPads operate outside the United States, mainly in Asia.

Morgan Stanley Analysts previously estimated that Trump’s rates could reduce the company’s profits by 7% next year, reducing $ 8.5 billion from their bottom line.

According to reports, Apple already has an increase in prices for its loss of iphones, but the company has tried to avoid a scenario in which it can be blamed for the rates of the U.S. rates, for Wall Street Journal.

Back in April, Key apple items—Inclusted iphones and Macs: They granted relief of a handful of the abrupt rates of 145%.

Even after the Sunday agreement, Beijing’s components will still incorporate 30% load, and Apple also fight with a 10% rate in products gathered in alternative nuclei such as India and Vietnam.

Trump’s name verified the company on Monday, announcing that he had talked to the company’s CEO, Tim Cook, after the announcement.

“I talked to Tim Cook this morning, and I think even his numbers even,” the President told journalists at the Oval Office. “$ 500 million will go to build many plants in the United States for Apple. And we look forward to this.”

Cook has already pledged to spend $ 500 million to strengthen its North -American operations, but experts say that the Apple production line will have time and could increase short -term prices.

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

This story originally presented to Fortune.com

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