Trump says he has ‘a little problem’ with Tim Cook over Apple making iPhones in India, not the US

In comments to press this morning, President Donald Trump said he has an issue with Apple’s handling of the tariff policy in regard to iPhone production. Trump wants Apple to build iPhones domestically in the United States, but has clearly seen the recent news that Apple will source most of the iPhones sold in the US quarter from India, rather than China. “I don’t want you building in India”, he said … It has been reported that within the next couple of years Apple is trying to import all iPhones intended to be sold in the US, from India, rather than China, in a diversification of its production pipeline. Right now, that means avoiding the higher tariff rates imposed on Chinese exports. Indeed, on the latest company earnings call, Apple said most iPhones sold in the June quarter will have India as their country of origin. Naturally, the Trump administration see the tariff policy as a way to incentivize companies to manufacture more locally, and Apple has so far shown no signs of do ... Read full article.