Trump Threatens Apple With 25% Tariff
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Apple supplier Foxconn will invest $1.5 billion in its India unit, the company said in a filing, as the iPhone maker shifts more manufacturing out of tariff-hit China.
Despite Trump's opposition, Foxconn is significantly expanding its Indian operations with a $1.5 billion investment, including dormitories for 30,000 workers. Apple reaffirms its commitment to India as a major manufacturing hub,
That may well still happen, even though US President Donald Trump revealed that he had told Apple CEO Tim Cook not to build in India because it was "one of the highest tariff nati