India, Trump and Apple
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India takes centre stage as an undeterred CEO Tim Cook – despite warnings from President Donald Trump to slap 25 percent import duty in the US on Indian-assembled iPhones – refuses to back down. At least the numbers tell us so.
Although Apple was initially the focus of Trump’s comments, the president widened the scope of the tariff warning to include other smartphone makers. “It would be anybody that makes that product, otherwise it wouldn't be fair,
Apple continues to make most iPhones in China, but shifting its focus to other places like India, which is subject to lower levies than China. Mr. Trump initially imposed a 26% tariff on India ...
National Review condemned president Donald Trump on Wednesday for acting like a "king" in an editorial addressing his "ominous threat to Apple." The post National Review Condemns Trump for Acting Like a ‘King’ With ‘Ominous Threat’ first appeared on Mediaite.
The president floated a 25% tariff on iPhones imported into the U.S. on Friday, adding that Apple (AAPL) would foot the bill.
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Apple is now exporting more iPhones to the U.S. from India than China for the second month running, a clear sign of shifting production priorities.
Donald Trump threatened Apple with a 25% tariff on iPhones made outside the U.S., reportedly triggered by Tim Cook's absence from Trump's Middle East trip. Trump publicly acknowledged Nvidia's CEO Jensen Huang's presence while pointedly noting Cook's absence.
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