Trump Warns Apple: Make iPhones in US or Face 25% Tariff!
New York (The Uttam Hindu): US President has threatend Apple of 25% tariff on its products if they do not manufacture their phones in US. Earlier, Trump had expressed his disappointment on social media that Apple should not manufacture their iPhones in India or anywhere else in the world but America. This move can be seen as his attempt to create more jobs in the country and therefore boost their economy by setting up more factories.
"I told Tim Cook of Apple a long time ago that I expect their iPhones sold in the US to be manufactured in the US, not in India or anywhere else," the US President said in a post on Truth Social.
The statement comes after Trump last week said he had asked Cook not to build a plant in India. "I had a little problem with Tim Cook yesterday. He's manufacturing all over India. I don't want you to manufacture in India," Trump said. Apple currently makes most of its iPhones in China and has no smartphone production in the US. In the past 12 months till March, Apple assembled iPhones worth $22 billion in India, increasing production by nearly 60% compared to the previous year.
According to media reports, Apple company will invest $ 2.56 billion in its Devanahalli plant. The plant is spread across Doddagollahalli and Chapparadahalli villages in Devanahalli, 34 km from Bengaluru's Kempegowda International Airport. The target is likely to be to manufacture 100,000 iPhones here by December 2025 this year.
According to S&P Global, iPhone sales in the US stood at 75.9 million units in 2024, with exports from India standing at 31 lakh units in March. Not only this, Union Electronics Minister Ashwini Vaishnav had announced in April that iPhones worth Rs 1.5 lakh crore were exported from India in the last financial year.
Taiwanese company Foxconn and Indian company Tata Electronics manufacture Apple iPhones 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 continues to shift its supply chain away from China.