TMTPOST -- Apple Inc. stock surged as much as 6.1%   and finished around 5.1%   on Thursday. Shares   of   logged their best day since May 12   as Apple   vowed   more investments in   the United States   amid ongoing   global   tariffs recently   hitting   India, one   of the iPhone maker ’ s   main   manufacturing   hubs.

Credit：Apple

U.S.   President   Donald Trump on   Wednesday   signed an   executive order imposing an additional 25% tariff on imports from India   over Russian oil   purchase.   The order, effective   on August   27, or   21 days after announcement   of the order, will bring the combined tariffs imposed by the U.S. on Indian goods to 50 %   by the   end of this month. A major   question following the   order   has   been whether and to   what extent   Apple will be impacted.

The   White House said Apple would remain largely unaffected by   the new tariffs   on India, CNBC reported. It cited White House   officials that the way that   Trump ’ s   executive   order   was written is that the 50% tariffs   effectively doubles the reciprocal tariffs that were   set to be   at   25%,   so   it means the   same   exemptions   continue to remain. And those reciprocal tariffs, semiconductors and all derivative   products will remain   exempt from all of   those tariffs,it added.  

Therefore, the   tariff rate increased   to 50%   will   not impact   any semiconductors,   any derivative products coming in from India,   according   to the report.   That means the increase   in India tariff   should   not impact Apple   based on the way this   executive   order   was written.

Besides, from the title to content   of the order   told   us the tariffs resulted   from   India ’ s   buying Russian   oil.   India is explicitly   named,   but no other countries   are mentioned   in the   order. For CNBC, this way   suggested   the   Trump administration   is   trying to keep on   its relationship   with Beijing   on a good   path   at least for now,   because   it is not targeting   China,   the   largest   buyer of Russian   oil, and only hit India,   the second largest   buyer.  

Apple   CEO   Tim   Cook later Wednesday confirmed reported additional   $100   billion investment in U.S. "I'm glad to be here with you today, and I'm very proud to say that today, we're committing an additional $100 billion to the United States,"   Cook   told Trump in the   Oval Office.

Cook   said   Apple has already signed new agreements   with ten companies   in U.S. to   do more local manufacturing. The company   is also committed to purchase of Amercian made, advanced   rare earth magnets,   Cook said,   noting an agreement announced last month. That deal   saw   Apple ’ s new commitment of   $500 million   and MP Materials,   the only fully integrated rare earth producer in the U.S.

Trump, speaking alongside Cook,   said   Apple will build a 250,000-square-foot server manufacturing facility in Houston, and invest billions of dollars to construct data centers across the country from North Carolina to Iowa to Oregon.

Apple in   a statement said   a   new   $100 billion commitment is   an acceleration   of its U.S.   investment   that now totals $600 billion   over   the next   four   years. The company announced   the new American Manufacturing Program ( AMP )   , dedicated to bringing even more of its supply chain and advanced manufacturing to the U.S.

Through AMP, Apple will increase its investment across America and incentivize global companies to manufacture even more critical components in the United States.The first AMP partners include Corning, Coherent, GlobalWafers America ( GWA ) , Applied Materials, Texas Instruments ( TI ) , Samsung, GlobalFoundries, Amkor, and Broadcom.

As part of the $600 billion commitment,   Apple is committed to investment of $2.5   billion to   produce all of the cover glass for iPhone and Apple Watch in Corning ’ s Harrodsburg, Kentucky, manufacturing facility. "This means that 100 percent of the cover glass on iPhone and Apple Watch units sold worldwide will be made in the U.S. for the first time,"   said Apple in a   statement.

Coring is creating the world ’ s largest and most advanced smartphone glass production line at the Harrodsburg facility, and now   it   dedicate the entire   facility   to produce Apple devices,   which will help   increase Corning ’ s manufacturing and engineering workforce in Kentucky by 50%.   The two companies   will also open a new Apple-Corning Innovation Center at the Harrodsburg plant.   The center   will   play   a key role   in the development and engineering of advanced materials and next-generation manufacturing platforms for Apple ’ s   future products.