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 has said it will spend $500bn (£400bn) and hire 20,000 new staff in the US as the tech giant scrambles to avoid the threat of Donald Trump’s tariffs. Tim Cook, Apple’s chief executive, unveiled the four-year investment plan on Monday,

The upcoming US Silicon Tariffs are expected to cause price increases on tech hardware, with price hikes of up to 40%.