President Donald Trump said he spoken to Apple CEO Tim Cook on Monday following the truce deal with China on tariffs. The US and China have announced a halt in fiery tariff imposition and marked a mutual deal to bring down import duty in both countries,

On the impact of tariffs, Tim Cook said it's "very difficult to predict beyond June," while Apple's AI is "taking a bit longer than we thought."

Apple previously said in February it would spend $500 billion to expand many of its operations in the U.S., including assembling AI servers in Houston.