US President Donald Trump on Thursday said that he had spoken with the Apple CEO Tim Cook and asked him to limit Apple’s expansion in India. Recently, Apple took some steps to expand its iPhone production in India, setting up assembly plants operating in the country. Two of these plants are located in Tamil Nadu, and one is in Karnataka. For these plants Apple has signed contract with manufacturers, such as Foxconn and Tata Group to set up production units. As reported last month, driven by the escalating trade tensions and high reciprocal tariffs announced by both China and US against each other, in a strategic move Apple decided to transition all production of iPhones destined for the US market to India from China. Since then, the US and China have arrived at an agreement that they will withdraw their previously announced reciprocal tariffs and counter tariffs for an initial period of 90 days. The tariffs for 90 days are reduced by 115 per cent, by both US and China against each other. China will impose 10 per cent tariffs on US goods, and the US will tax Chinese goods at about 30 per cent.

#Apple #Iphone #DonaldTrump #India

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