Tuesday, 31 March, 2026
Trump Threatens 25% Tariff on Apple’s India-Made iPhones, Raising Investor Concerns Amid AI Competition
By Isha
U.S. President Donald Trump has warned Apple CEO Tim Cook that iPhones sold in the U.S. must be manufactured domestically, threatening a 25% tariff on devices produced abroad, including in India. This stance challenges Apple's supply chain diversification strategy and could significantly increase production costs. Investors are also wary of Apple's lag in AI advancements compared to rivals, contributing to its recent stock underperformance.
Read full story at Economic Times