Trump Threatens Apple with 25% Tariff on India-Made iPhones
President Trump threatened Apple with at least a 25% tariff on iPhones sold in the U.S. unless they are manufactured domestically, not in India or elsewhere. This directly opposes Apple’s plan to shift iPhone production to India to diversify its supply chain and reduce reliance on China. Trump’s statement caused Apple’s shares to drop and disrupts Apple’s goal of sourcing most of its U.S. iPhone supply from India by the end of next year. Despite this, Trump claims Apple will increase US production.
John Q. Hosedrinker