Donald Trump Says He Requested Apple CEO To Restrict Enlargement In India | Expertise Information
Doha: US President Donald Trump on Thursday mentioned that he had spoken with Apple CEO Tim Prepare dinner and requested him to restrict Apple’s enlargement in India. “I had slightly drawback with Tim Prepare dinner yesterday. I mentioned to him, my good friend, I’m treating you superb. You’re arising with $500 billion, however now I hear you’re constructing throughout India. I do not need you constructing in India. You’ll be able to construct in India, if you wish to deal with India as a result of India is likely one of the highest tariff nations on the earth, so it is rather arduous to promote in India,” President Trump mentioned whereas addressing a information convention in Doha, Qatar.
Lately, Apple took some steps to develop its iPhone manufacturing in India, establishing meeting vegetation working within the nation. Two of those vegetation are positioned in Tamil Nadu, and one is in Karnataka. For these vegetation, Apple has signed a contract with producers, comparable to Foxconn and the Tata Group, to arrange manufacturing items.
Within the final fiscal 12 months, Apple produced USD 22 billion value of iPhones in India within the 12 months by March 2025, which is a large 60 per cent leap from the prior 12 months. Apple manufactured roughly 40-45 million iPhones in India in 2024, accounting for 18-20 per cent of its international output. Of this, about 15 million had been exported to the US, 13 million to different worldwide markets, and about 12 million had been offered within the Indian market.
In January 2025, Apple achieved an eleventh consecutive quarterly income file in India, with iPhone gross sales estimated at USD 10 billion in 2024.
India stands as Apple’s fourth-largest market globally in 2024, after the US, China, and Japan. As reported final month, pushed by the escalating commerce tensions and excessive reciprocal tariffs introduced by each China and the US in opposition to one another, in a strategic transfer, Apple determined to transition all manufacturing of iPhones destined for the US market to India from China.
Since then, the US and China have arrived at an settlement that they are going to withdraw their beforehand introduced reciprocal tariffs and counter tariffs for an preliminary interval of 90 days. The tariffs for 90 days are decreased by 115 per cent, by each the US and China in opposition to one another. China will impose 10 per cent tariffs on US items, and the US will tax Chinese language items at about 30 per cent.
