Apple faces tough choices about where to make iPhones. President Trump wants the company to build phones in America. The tech giant planned to move production from China to India instead. Trump demands that Apple make devices for American buyers inside the US borders. The president threatens to charge Apple extra taxes if it refuses his request.
Trump posted angry messages after Tim Cook announced India's manufacturing plans. The president said he told Cook long ago to build iPhones at home. Apple must pay 25 percent extra fees if it makes phones elsewhere. Trump complained about Cook during his Middle East travels. The president called Apple's India strategy a major problem.
Apple stock prices dropped three percent after Trump made his threats. Foxconn plans to spend 1.5 billion dollars expanding India's factories. The supplier wants to make 60 million American iPhones from India next year. Experts suggest Apple should accept the penalty costs to keep profits high. Complex iPhone designs need China's special manufacturing skills, which other countries lack.
Trump posted angry messages after Tim Cook announced India's manufacturing plans. The president said he told Cook long ago to build iPhones at home. Apple must pay 25 percent extra fees if it makes phones elsewhere. Trump complained about Cook during his Middle East travels. The president called Apple's India strategy a major problem.
Apple stock prices dropped three percent after Trump made his threats. Foxconn plans to spend 1.5 billion dollars expanding India's factories. The supplier wants to make 60 million American iPhones from India next year. Experts suggest Apple should accept the penalty costs to keep profits high. Complex iPhone designs need China's special manufacturing skills, which other countries lack.
