Trump reiterates 25% tariff threat on Apple iPhones
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India is emerging after a brief conflict with Pakistan, with a ceasefire thankfully appearing to hold for now. This is welcome news for the business community and the public at large, many of whom too young to remember the adverse economic impact from previous conflicts.
Manufacturing iPhones in India is still economically viable even if a 25 per cent tariff is applied, according to a recent report.
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.
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But now, President Donald Trump, in his effort to return manufacturing to the U.S. by hiking tariffs, is trying to break up the happy couple. Annoyed by Apple shifting some of its production from China to India, rather than to the U.S., he said on Thursday that he had scolded Apple CEO Tim Cook about it.
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.
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In a post on the social media platform X, the former Union minister of state for electronics and IT said that forward-thinking policies like the PLI scheme and sustained efforts by the Indian government are making this possible.
Tras criticar los planes de Apple de fabricar la mayoría de sus iPhones estadounidenses en India, el presidente Donald Trump amenazó el