Foxconn, which is Apple’s largest iPhone manufacturer, has pulled more than 300 Chinese engineers and technicians from its Indian production facilities, according to a report by Bloomberg on Wednesday. This can create operational hurdles for Apple while it ramps up preparations for iPhone 17 manufacturing. The development is in the context of the broader geopolitical…
Donald Trump (File photo) WASHINGTON: US President Donald Trump on Friday threatened a 25% tariff on Apple products unless iPhones are made in America, a move that will likely impact the company’s production plans in India.Trump also said he would impose a 50% tax on all imports from the European Union.The threats, delivered over social…
Chinese companies are allegedly evading steep US tariffs by fraudulently exporting goods as South Korean products, Japanese news outlet Nikkei Asia news reported.According to Korea Customs Service, exports falsely labeled as made in South Korea amounted to 29.5 billion won for the January-March quarter. In this, the goods exported to the US accounted for 97…
US President Donald Trump plans to announce reciprocal tariffs ahead of Prime Minister Narendra Modi’s visit to America, the White House said. White House Press Secretary Karoline Leavitt told reporters she believed Trump’s tariff plan could be announced before he meets with PM Modi on Thursday.PM Modi is scheduled to reach US on Thursday and…
