Apple, India and Trump
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Apple Inc. (NASDAQ:AAPL) is reportedly pushing forward with a major supply chain expansion in India through its top manufacturing partner, Foxconn, also known as Hon Hai Precision Industry Co. Ltd. (OTC:HNHAF).
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India Today on MSNMake in India | Trump eyes India's Apple pieThe US president's tariff trade threatens Apple's India strategy, but the tech giant has few manufacturing alternatives beyond China
U.S. President Donald Trump threatened once again on Friday to ramp up his trade war, recommending a 50% tariff on European Union goods starting June 1 and warning Apple he may impose a 25% tariff on any iPhones manufactured outside the U.
The investment comes amid heightened political rhetoric from US President Donald Trump, who said in Doha that Apple should manufacture products for the US market within America, not India.
Tata Electronics has initiated the assembly of iPhone models, including iPhone 16 and iPhone 16e, at their Hosur facility amid US President Donald Trump urging Apple CEO Tim Cook to move production out of India.
That may well still happen, even though US President Donald Trump revealed that he had told Apple CEO Tim Cook not to build in India because it was "one of the highest tariff nati