Apple is significantly increasing iPhone production in India, aiming for 70-80 million units by late 2026, potentially making India the primary supplier to the US. This shift, driven by diversification and geopolitical factors,

Treasury Secretary Scott Bessent revealed Wednesday that he expects India to strike the first bilateral trade deal to avoid President Trump’s suite of “reciprocal” tariffs — with any potential agreement with China “put to the side” for now.

The country, which has long resisted demands to liberalize this prized and protected market, signals it will come to the negotiating table.