Trump threatens Apple with 25% tariff
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India has also become the world’s second-largest smartphone market after China, measured by volume. The production increase by Apple’s suppliers Foxconn and Tata Electronics in southern India has been the biggest success of Modi’s “Make in India” drive to create more manufacturing jobs in the world’s most populous country.
Phone maker Apple’s key supplier Foxconn is continuing to expand its India operations, despite repeated objections from U.S. President Donald Trump. Taiwan’s Hon Hai Precisio
The US president also reignited a fresh trade war with a threat to impose 50% higher tariffs on imports from the European Union. On 15 May, Trump had asked Apple’s chief executive officer not to manufacture in India.
Foxconn to invest $1.5 bn in India for iPhone parts despite Trump's pressure to shift production to the US. New Chennai plant to create 14,000 jobs and boost India's electronics sector
Apple supplier Foxconn will invest $1.5 billion in its India unit, the company said in a filing, as the iPhone maker shifts more manufacturing out of tariff-hit China.
Foxconn is significantly expanding its Indian operations with a fresh $1.5 billion investment, channeled through its Singapore-based arm into Yuzhan Technology India, a key iPhone component maker in Tamil Nadu.