Tariff? Long arm of Trump law may not pluck Apple off India

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Apple Inc is unlikely to alter its India plans despite US President Donald Trump‘s incessant jibes at its manufacturing footprint in the country, experts told ET. They said “better sense would prevail,” and that Trump was using the Cupertino-based firm as a bargaining chip to pressurise India into sweetening a proposed bilateral trade pact.

Trump on Friday said Apple will have to pay a 25% tariff if phones sold in the US are not made locally. “I have long ago informed Tim Cook of Apple that I expect iPhones that will be sold in the United States of…



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Tariff? Long arm of Trump law may not pluck Apple off India


Apple Inc is unlikely to alter its India plans despite US President Donald Trump‘s incessant jibes at its manufacturing footprint in the country, experts told ET. They said “better sense would prevail,” and that Trump was using the Cupertino-based firm as a bargaining chip to pressurise India into sweetening a proposed bilateral trade pact.

Trump on Friday said Apple will have to pay a 25% tariff if phones sold in the US are not made locally. “I have long ago informed Tim Cook of Apple that I expect iPhones that will be sold in the United States of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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