Apple claims to be moving away from China, the target of President Donald Trump’s tariffs, to the US for the manufacturing of the majority of iPhones and other gadgets.
According to CEO Tim Cook, Vietnam will serve as a significant production base for products such as iPads and Apple Watches, while India will produce the majority of iPhones destined for the US market in the coming months.
Despite Trump’s decision to exempt specific equipment from the new tariffs, the tech giant calculated that US import levies might increase its expenses by around $900 million (£677.5 million) in the current quarter. The Trump administration has repeatedly stated that it wants Apple to relocate its manufacturing to the United States.
The assessment comes as businesses worldwide are rushing to adapt to the massive changes in international commerce brought about by Washington’s trade policies. The CEO of Apple was eager to highlight the company’s US investments on a call with investors on Thursday to review the company’s financial performance.
Mr. Cook began by reminding everyone of the company’s intentions to invest $500 billion over the next four years in many US states.He said that although Apple is moving its supply chain away from China for items going to the US, India and Vietnam, they stand to gain a great deal from the change.
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