Apple’s stock jumped 6% on Monday, adding roughly $180 billion to its market cap after the U.S. and China agreed to cut reciprocal tariffs from 125% to 10% for 90 days. President Trump said he spoke with CEO Tim Cook about boosting Apple’s U.

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.

Apple may be gearing up to raise the prices of its next-generation iPhones, but it's treading carefully to avoid pinning the hikes on US-China trade tensions, according to a report by The Wall Street Journal.