iPhone, Trump
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Apple increased its exports of iPhones from India to the United States in April, with industry data showing a 76 percent increase compared to previous months. The jump came amid President Donald Trump's threats of a 25 percent tariff on iPhones made outside the U.
Trump threatened Apple with 25% tariffs unless the company starts making their iPhones in the United States. His threat came after Apple CEO Tim Cook said the company would continue manufacturing phones in India to avoid expensive prices for Americans.
A top White House economic advisor said President Donald Trump doesn’t want to hurt Apple (AAPL) with its tariffs, only days after the president threatened the smartphone maker with steep import taxes on the iPhone.