Does approving a sign-in also trust that device?

Yes. Once approved, that browser is added to your trusted devices and will not be challenged again until you remove it — you can see and remove it from your security settings on either the website or the app.

From the guide Approving Sign-ins on Your Phone.

Where to find all of this

WhereWhat you can do
Website — Settings → SecuritySee which of your phones can approve a sign-in and how each is locked, review and remove trusted devices, and manage codes and your authenticator app.
App — Settings → Sign-in & app lockSet, change or remove your PIN or pattern, turn Face ID or your fingerprint on or off, and review or remove trusted devices.

Read the whole guide: Approving Sign-ins on Your Phone

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