Reported 3 months ago
Apple CEO Tim Cook's efforts to mitigate the impact of tariffs by shifting production from China to countries like India and Vietnam have not provided sufficient protection against President Trump's renewed tariff threats. Following Trump's demand that iPhones sold in the U.S. be manufactured domestically or face a 25% tariff, Apple watched its market capitalization drop by over $100 billion. Despite significant investments in U.S. operations and increased overseas production, analysts warn that the feasibility of manufacturing iPhones in the U.S. remains low, potentially leading to unsustainably high prices for consumers.
Source: YAHOO