Trump, Apple and India
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Apple is set to expand its retail footprint in India by opening its third store at Bengaluru’s Phoenix Mall of Asia.
The administration immediately petitioned a court to allow the United States to continue imposing stiff tariffs.
US President Donald Trump’s fondness for Tim Cook is souring. He took several jabs at Apple’s chief executive during his recent tour of the Middle East, likely stemming from his resistance to shifting iPhone production out of China.
National Review condemned president Donald Trump on Wednesday for acting like a "king" in an editorial addressing his "ominous threat to Apple." The post National Review Condemns Trump for Acting Like a ‘King’ With ‘Ominous Threat’ first appeared on Mediaite.
The term “TACO,” short for Trump Always Chickens Out, has been used to describe how markets tumble on the president’s tariff threats, then rebound when he gives way.
The president floated a 25% tariff on iPhones imported into the U.S. on Friday, adding that Apple (AAPL) would foot the bill.
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Apple is now exporting more iPhones to the U.S. from India than China for the second month running, a clear sign of shifting production priorities.
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