🇺🇸 Trump demands Apple stop moving iPhone production to India

US President Donald Trump stated that he asked Tim Cook to halt the construction of factories in India and increase production in the US.

⚫ Trump criticized Apple’s plans to expand production in India during a visit to Qatar: “I don’t want you to build in India”

⚫ India has some of the highest tariff barriers in the world, making it difficult to sell American goods in its market

⚫ Apple plans to import most iPhones from India by the end of next year to reduce risks related to tariffs and geopolitics

⚫ The main iPhone production is concentrated in China; smartphones are not assembled in the US

⚫ Apple is actively scaling assembly in India — production grew 60% in a year, totaling $22 billion

⚫ The production shift is partly due to strict lockdowns in China and Trump’s tariff war with Beijing

#CryptoRegulation