Trump Says He Doesn’t Want Apple To Expand iPhone Production In India
By: bitcoin ethereum news|2025/05/15 14:30:07
0
Share
Topline President Donald Trump said he told Apple CEO Tim Cook he does not want the iPhone maker to expand manufacturing in India, asking Cook to increase production in the U.S. instead, following reports Apple was looking to shift production of U.S.-bound iPhones from China to India to avoid steep U.S. tariffs. President Donald Trump gestures during a business roundtable, Thursday in Doha, Qatar. Key Facts Speaking at a business event in Qatar Thursday, Trump said he had talked to Cook and told him, “my friend, I treated you very good...but now I hear you’re building all over India...I don’t want you building in India.” The president acknowledged Apple’s plan to invest $500 billion in the U.S. but said “India can take care of themselves, they are doing very well.” After the conversation, Trump claimed Cook told him Apple will be “upping their production in the United States.” It is unclear if this means Trump wants Apple to make its iPhones in the U.S., something many analysts have warned could raise the price of the devices significantly. Apple’s shares dropped to $210 in premarket trading early on Thursday, down 1% compared to the previous day’s close. Forbes has reached out to Apple for comment. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here . What Do We Know About Apple Making Iphones In India? The Indian manufacturing sector has emerged as a beneficiary of the ongoing trade tensions between India and China. The most significant example has been Apple’s efforts to shore up iPhone production in India in a bid to avoid the steep U.S. tariffs placed on China that are now paused. Late last month, several outlets reported Apple is planning to make most U.S.-bound iPhones in Indian factories by the end of 2026. In the 12 months ending March 2025, one in five Apple iPhones were made in India, accounting for $22 billion in revenue. This was a 60% increase compared to the previous year. What Did Trump Say About A Tariff Deal With India? In his speech, Trump also claimed the Indian government has offered the U.S. “a deal where basically they are willing to literally charge us no tariff,” Bloomberg reported. Trump, who has previously admonished India by calling it the “tariff king,” did not provide any other details about the proposed deal. The president’s comments come just days after he suggested he offered trade perks to India and neighboring Pakistan to secure a ceasefire between both sides after the nuclear powers were involved in a four-day skirmish—a claim India has rejected. Indian officials have not commented on Trump’s latest remarks. What Do We Know About Trump’s Paused Reciprocal Tariffs On India? Early last month, Trump unveiled a sweeping plan to impose levies on imports from nearly all countries, which he termed “reciprocal tariffs,” stemming from their trade imbalance with the U.S. Goods from India were hit with a 27% “reciprocal tariff,” which currently remains paused. Unlike several other countries, including neighbor China, India at the time held off on imposing retaliatory tariffs and offered to negotiate a deal instead. Key Background Last month, during Vice President JD Vance’s visit to India, the White House said “significant progress” had been made towards a bilateral trade deal between the two countries. U.S. Trade Representative Jamieson Greer also issued a statement saying both sides had finalized terms to “lay down a roadmap for the negotiations on reciprocal trade.” Greer’s statement, however, noted there was a “serious lack of reciprocity in the trade relationship with India,” and the ongoing talks will “help achieve balance and reciprocity.” In an interview with Fox News earlier this month, Vance said he expects India to be among the first countries to lock in a new trade deal with the U.S. Further Reading Trump Says India Offered to Remove All Tariffs on US Goods (Bloomberg) Vance calls for stronger India-US relations as trade talks progress (BBC) Source: https://www.forbes.com/sites/siladityaray/2025/05/15/trump-says-he-doesnt-want-apple-to-expand-manufacturing-in-india/
You may also like
The cryptocurrency industry has become a traditional industry
For entrepreneurs and retail investors still in this industry, they should either embrace the current changes or explore the next unpredictable field in cryptocurrency.
Chip frenzy cooling down? Morgan Stanley's Wilson: Funds are shifting towards AI supercomputing giants like Microsoft and Amazon
Morgan Stanley's chief equity strategist Wilson pointed out that the momentum in the semiconductor sector is waning, with the Philadelphia Semiconductor Index having dropped nearly 14% from its peak. Funds are shifting towards AI supercomputing giants like Microsoft, Amazon, and Meta, as well as sec...
Morning Report | Vitalik outlines Ethereum's long-term roadmap, Lean Ethereum will become the third major iteration; SK Hynix seeks to attract more AI investors by listing in the U.S
July 5 Market Important Events Overview
Trump, the best stock trader among U.S. presidents
Trump has almost turned the presidency into a business and maximized the conversion of presidential influence into commercial profits.
From ByteDance to Financial Freedom: How did "Byte Brother" Leto develop his investment judgment skills to achieve a turnaround of 30 million?
Speak with data and signals, validate judgments with A/B tests, and seek asymmetric returns with limited risk exposure.
Selling coins despite a loss of 55 million dollars, the faith in Strategy has reached the interest payment date
The moment faith was securitized, Bitcoin became a bill.
OUSD False Cooperation Controversy? The Credit Game of Stablecoins and Endorsements by Giants
The success of stablecoins does not rely on rallying a group of alliance members for marketing, but rather on whether they have real use cases and genuine users.
Q-Day Countdown: Will Quantum Computing End Cryptocurrency?
In the face of dormant coins being plundered by quantum computing power, should we firmly uphold the unalterable bottom line of "code is law," or should we enforce a soft fork to freeze legacy assets?
The ten years of Cloud on the Air: From corner coffee to global financial infrastructure
How did a remittance company grow into a financial infrastructure that can replace SWIFT; when it really reaches this scale, how should stablecoins be positioned for it; and what can AI integrate into this infrastructure?
$10,000 in TRUMP Token vs. $10,000 in Nasdaq: The "Trump Trade" That Actually Worked in 2026
TRUMP Token lost more than 96% after its launch, while Nasdaq stocks and NVIDIA delivered strong gains. Compare what happened to a $10,000 investment and explore why asset fundamentals matter more than market hype.
The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition
OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.
Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy
Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.
Blaming the desolation of the cryptocurrency world on the rise of AI is a form of intellectual laziness
The emergence of giants signifies a mature business model. Although it will reduce speculative space, there is also enough room for error, allowing for the continuous emergence of new forces.
Strategy Founder: The Next 10 Years of Bitcoin
In the next decade, the biggest evolution of Bitcoin is precisely "responding to change with invariance." The four-year cycle is giving way to capital flows such as ETFs, corporate and sovereign reserves, and bank credit, while digital credit and digital currency will grow layer upon layer on top of...
Forbes Special Report: Stablecoin cross-border payments are faster now, but not cheaper yet
Cross-border payments using stablecoins are rapidly expanding, bringing speed and accessibility, but due to insufficient institutional liquidity, they have not yet delivered on their promised cost savings. The technology has been validated, and regulations are improving, but the industry has not yet...
A valuation of 8 billion dollars, doubling in 8 months! What makes the crypto-friendly bank Erebor Bank stand out?
Erebor is a high-profile experiment taking place at the intersection of banking, cryptocurrency, and industrial policy.
340 billion valuation: Li Yanhong's largest IPO, a seat in Kunlunxin's shares is hard to come by
As a core asset in Baidu's AI landscape, Kunlun Chip is expected to exceed Baidu's market value after going public, becoming an important bargaining chip in its turnaround battle.
Stablecoins are the "royalists" of the crypto world: Open USD brings the old currency system into play
The emergence of Open USD has shifted the competition for stablecoins from the market struggle of crypto startups to a battle for infrastructure involving traditional finance, payment networks, technology platforms, and public chain ecosystems.
The cryptocurrency industry has become a traditional industry
For entrepreneurs and retail investors still in this industry, they should either embrace the current changes or explore the next unpredictable field in cryptocurrency.
Chip frenzy cooling down? Morgan Stanley's Wilson: Funds are shifting towards AI supercomputing giants like Microsoft and Amazon
Morgan Stanley's chief equity strategist Wilson pointed out that the momentum in the semiconductor sector is waning, with the Philadelphia Semiconductor Index having dropped nearly 14% from its peak. Funds are shifting towards AI supercomputing giants like Microsoft, Amazon, and Meta, as well as sec...
Morning Report | Vitalik outlines Ethereum's long-term roadmap, Lean Ethereum will become the third major iteration; SK Hynix seeks to attract more AI investors by listing in the U.S
July 5 Market Important Events Overview
Trump, the best stock trader among U.S. presidents
Trump has almost turned the presidency into a business and maximized the conversion of presidential influence into commercial profits.
From ByteDance to Financial Freedom: How did "Byte Brother" Leto develop his investment judgment skills to achieve a turnaround of 30 million?
Speak with data and signals, validate judgments with A/B tests, and seek asymmetric returns with limited risk exposure.
Selling coins despite a loss of 55 million dollars, the faith in Strategy has reached the interest payment date
The moment faith was securitized, Bitcoin became a bill.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
