US President Trump stated Apple is set for a major US investment, attributing it to his tariff policies supporting the economy. This was disclosed in a meeting with governors at the White House, where Trump discussed the investment plan with Apple CEO Tim Cook.
Trump mentioned Apple’s investment plans after meeting with Tim Cook, who reportedly shared intentions of investing billions of dollars in the US, though no public confirmation has been made by Cook yet.
Trump disclosed that Cook committed to relocating Apple’s production from Mexico to the US, indicating closure of Mexican plants and shift to US production under Cook’s decision. The specific Apple plant influenced by Trump remains uncertain, with reports suggesting a possible closure of a Foxconn facility.
Trump has used tariffs as a trade weapon, imposing 10% duties on Chinese goods and potentially on items like semiconductors, cars, and pharmaceuticals. His administration aims to encourage domestic production by raising costs. Critics warn of possible price increases for consumers. Cook, during Trump’s first term, secured tariff exemptions for iPhones through his ties with the President.
Apple’s iPhone production in India may reach 25% by 2027, up from the current 15%, as per analysts. The impact of Trump’s tariffs on iPhone manufacturing in India remains uncertain, with projections suggesting Apple might have to raise prices by around 9% to mitigate the effects.
Sources News From Various Digital Platforms, Websites, Journalists, And Agencies.
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