Trump threatens 25% tariff on Apple
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Daily Times on MSNU.S. imposes new tax on india-made iPhones, major setback for ModiIn a surprising move, U.S. President Donald Trump has announced a new tax on Apple iPhones manufactured in India, delivering another major blow to Indian Prime Minister Narendra Modi's economic goals.
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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
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Stocktwits on MSNApple Retail Traders Lose Faith As Market-Cap Trails Microsoft, Nvidia Amid 7-Day Losing StreakApple, Inc. (AAPL) stock has declined for seven straight sessions as tariff uncertainty remains an overhang. Even as CEO Tim Cook and his team focused on India as a production base as a workaround for the China tariffs,
Foxconn invests $1.5B to expand iPhone production in India, adding dorms for 30,000 workers, aiming to make 25M–30M iPhones in 2025 despite U.S. pushback.