Trump says will impose 25% tariff on Apple if it sells India-made iPhones in US


Source: indianexpress.com indianexpress.com

Key Topics in this News Article:

News Snapshot:

WEEKS AFTER Apple said that a majority of iPhones to be sold in the United States will be produced in India and its contract manufacturer Foxconn followed it up with a $1.49 billion investment plan in one of its India unit, US President Donald Trump Friday said Apple would have to pay 25 per cent tariff if it sold in the US iPhones that are built in India or anyplace else. Trump had said last week that he had told Apple CEO Tim Cook that he does not want the company to expand its manufacturing operations in India, unless it...