Apple iPhone prices may come down as the THIS iPhone production company of China now plans to...
Good news for Apple users in India: In a significant good news for India amid the threats of US President Donald Trump forcing Apple to move out of its India business, Hon Hai Precision Industry, the main iPhone production company associated with Apple Inc., is reportedly planning to close its production in China. Instead, the Apple manufacturer is planning to expand its iPhone manufacturing unit in India. Here are all the details you need to know about the recent good news on Apple production in India.
In the recent development, Taiwanese company has announced that it will be investing Rs 13000 crore in India to build a new plan plan in South India. As per the Taiwan Exchange Filing made by Hon Hai Precision Industry, the company wants that most of the iPhones sold in America should be Made in India. US President Trump threatens 25 pc penalties on Apple
In a recent statement that shocked the world, US President Donald Trump threatened a 50 per cent tax on all imports from the European Union as well a 25 per cent tariff on Apple products unless iPhones are made in the United States of America, as per a report covered by IANS.
'The threats, delivered over social media, reflect Trump's ability to disrupt the global economy with a burst of typing, as well as the reality that his tariffs have yet to produce the trade deals he is seeking or the return of domestic manufacturing he has promised voters,' reported The Associated Press about the move.
The Republican President said he wants to charge higher import taxes on goods from the EU than from China, Xinhua news agency reported.
'I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else. If that is not the case, a Tariff of at least 25% must be paid by Apple to the US. Thank you for your attention to this matter!' Trump said.
(With inputs from agencies)
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