Apple, Donald Trump and iPhone
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President Donald Trump threatened to put a 25% tariff on Apple products unless iPhones are manufactured in the United States.
It’s no secret that US President Donald Trump wants Apple to make its iPhones in the US. But is that feasible? Maybe with some heavy investing and a few more years. But for now, Apple is making its iPhones in countries like China and India,
Wedbush analyst, Dan Ives anticipates that Apple Inc. (NASDAQ:AAPL) could increase its iPhone assembly production in India to 60%-65% by fall, depending on tariff negotiations. What Happened: On Friday,
The heads of General Motors, Ford and Stellantis met with Trump to outline how his tariffs would disrupt automaking. Trump gave them some reprieves on domestic vehicles with foreign parts not covered by the U.S.-Mexico-Canada trade agreement, but he still has a 25% tax on imported steel and aluminum.