Trump Threatens 25% Tariffs on Apple if it Continues Making Products in India
In a surprise move, US President Donald Trump has threatened Apple with imposing “at least 25%” tariffs on its products if the company fails to shift its production from India to the United States. The threat comes after Apple reportedly began manufacturing some of its products in India, a move that has sparked concerns among the US administration.
In a tweet posted on Truth Social, Trump stated that he had informed Apple’s CEO, Tim Cook, of his expectations regarding the production of iPhones. “I’ve long ago informed Tim Cook…that I expect their iPhones, that will be sold in US, will be manufactured and built in US, not India, or anyplace else,” Trump said. The tweet has gone viral, with many speculating about the implications of such a move.
The threat is seen as a significant escalation of the trade tensions between the US and India. The US has been pushing India to reduce its tariffs on US goods, while India has been resisting the pressure, citing the need to protect its domestic industry. The move is also seen as a blow to Apple’s plans to expand its presence in India, which has been one of the fastest-growing markets for the company.
Apple has been expanding its operations in India in recent years, with the country becoming one of its key manufacturing hubs. The company has set up a number of manufacturing facilities in India, including a facility in Bengaluru that produces iPhones and other electronic devices. Apple has also partnered with local companies, such as Foxconn and Wistron, to produce its products in the country.
However, Trump’s threat has raised concerns about the impact on Apple’s operations in India. The company has invested heavily in its Indian operations and has created thousands of jobs in the country. If the US imposes tariffs on Apple’s products, it could lead to a significant increase in the cost of production for the company, which could have a negative impact on its profit margins.
The move is also seen as a blow to India’s plan to become a major manufacturing hub for electronics and other products. The country has been working to attract foreign investment and create jobs in the manufacturing sector, and the threat of tariffs on Apple’s products could discourage other companies from investing in the country.
The US and India have been engaged in trade talks for several months, but the negotiations have been slow to progress. The US has been pushing India to reduce its tariffs on US goods, while India has been resisting the pressure, citing the need to protect its domestic industry. The move is seen as a significant escalation of the trade tensions between the two countries.
In a statement, Apple said that it is committed to producing products in India and that it will continue to work with the government to ensure that its operations are compliant with all relevant regulations. “We are committed to producing products in India and will continue to work with the government to ensure that our operations are compliant with all relevant regulations,” the company said.
India has also responded to the threat, with the government saying that it will not compromise on its domestic industry. “We will not compromise on our domestic industry and will continue to protect our interests,” the government said.
The move is seen as a significant escalation of the trade tensions between the US and India, and it remains to be seen how the situation will develop. One thing is clear, however, is that the threat of tariffs on Apple’s products has raised concerns about the impact on the company’s operations in India and the country’s plans to become a major manufacturing hub.
Source:
https://truthsocial.com/@realDonaldTrump/posts/114556874484491575
