Iphone manufacturing is on a large scale in India
US President Donald Trump on Friday threatened that if the iPhone is not built in the US, he would impose 25% tariffs on Apple’s products. Threats on social media may dramatically increase the price of iPhone, causing huge damage to both Apple sales and profits. After the threat of US President Trump, now Apple has also come under the target of White House along with several other major companies including Amazon, Walmart. Let us tell you that these companies are trying to respond to the uncertainties arising from the import duty being imposed by Trump and the pressure of inflation.
What the US President has written in his post
Trump posted on Truth Social, “I had informed Apple CEO Tim Cook long ago that I hope that his iPhone sold in the United States will be built in the US, not in India or any other place. If it does not, Apple will have to pay at least 25% tariffs.” Let us tell you that due to the US tariff policy on China, Apple CEO Tim Cook was considering shifting the iPhone construction to India to keep the supply chain in India. But Apple’s plan has become a cause of disappointment for the US President, who recently raised the issue during his Middle East tour.
Trump threatens Apple
Made in India iPhone is being sold in America
Taiwan’s company Foxconn and Indian company Tata Electronics manufacturing Apple iPhone in India. Apple CEO Tim Cook recently said after the company’s quarterly results that most of the iPhones sold in the US in the June quarter would be made in India, as Apple is taking its supply chain away from China. But after June, it is not clear how the situation will be.
50% tariff recommended on European Union
Along with announcing 25 percent tariff on Apple, Trump has also recommended a 50 percent tariff on the European Union. Trump wrote on the social media platform Truth, “It has been very difficult to deal with the European Union, which was formed with the primary purpose to benefit from the United States on trade. Their powerful trade barrier, VAT tax, corporate penalty, non-monetary trade barrier, monetary manipulation, unfair cases against American companies, as well as the US are facing more than $ 25,00,00,000 business deficit every year for many other reasons. This number is completely unacceptable. Our discussions are not reaching with them. Therefore, I am recommending a 50% tariff directly on the European Union starting from June 1, 2025. If the product is made in the US, there will be no tariff. ”
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