Trump says Apple's Cook pledging major US investment

US President Donald Trump said Friday that Apple plans to invest "hundreds of billions of dollars" in the United States as he trumpeted the success of his tariff plan in boosting the American economy. Cook, the chief executive of the Silicon Valley tech giant, has not yet announced any such investment.

Trump suggested that more companies also planned greater investment in the United States, without giving any names. Trump has wielded tariffs -- customs duties on imported goods -- as a trade weapon, slapping 10 percent levies on goods from China and threatening them on products including semiconductors, cars and pharmaceuticals. His administration argues the higher costs will encourage companies to manufacture in the United States instead. Critics argue that tariffs could raise prices for consumers.