Apple said Monday it will invest $500 billion on expanding US facilities over the next four years, a move that could help it avoid new tariffs on goods imported from China.

Apple is among tech giants unveiling plans about how they plan to invest billions in the United States as they face potential tariffs and tech policy changes during President Trump's second term.

Tariffs are anti-growth policies that reduce income and job growth, increase the cost of living, and lower overall economic efficiencies.