Foxconn spent $1.5 billion on factories in India as US taxes hurt Chinese imports. The company makes iPhones for Apple but faces high tariffs when shipping from China to America. Apple assembled $22 billion worth of phones in India last year, marking a 60 percent rise from before. Tata Electronics also builds iPhones there alongside Pegatron. Apple wants most US-sold iPhones made in India within two years.
The US government pushes Apple toward American production through these trade rules. China still makes the more complex iPhone models because workers there have better skills. Apple cannot risk quality problems with its special 20th anniversary iPhone coming soon. The company asked for changes to tax rates, but China received a 125 percent tax anyway. India pays lower taxes when sending products to America compared to Chinese companies.
The US government pushes Apple toward American production through these trade rules. China still makes the more complex iPhone models because workers there have better skills. Apple cannot risk quality problems with its special 20th anniversary iPhone coming soon. The company asked for changes to tax rates, but China received a 125 percent tax anyway. India pays lower taxes when sending products to America compared to Chinese companies.
