FirstFT: Trump criticises Apple over plan to source US iPhones from India

FirstFT: Trump criticises Apple over plan to source US iPhones from India

Also in today’s newsletter, Trump says no deal on Ukraine until he meets Putin, and crypto group Coinbase targeted by hackers

Apple Production In India: iPhone maker Apple's plans to invest in India are intact and the company has proposed to set up a major manufacturing center for its products in the country. Government sources gave this information on Thursday (May 15, 2025). Soon after US President Donald Trump's statement, Indian officials spoke to officials of the Cupertino-based company in the US. India will be the manufacturing hub Trump said that he has asked Ap…

In order to escape high tariffs on imports into the US, Apple is increasingly relying on iPhone manufacturing in India and thus annoying the US President.

Trump doesn't want Apple to invest in India - What happened?

In a recent business summit in Doha, President Donald Trump disclosed a direct conversation with Apple CEO Tim Cook, urging the tech giant to halt its manufacturing expansion in India and instead bolster production within the United States.

Trump Takes Aim at Apple’s India Plans - Wall Street Pit

Apple (AAPL) shares fell, hitting an intraday low of $209.54, after President Trump criticized CEO Tim Cook for expanding iPhone production in India, urging the company to prioritize U.S. manufacturing instead. Trump highlighted Apple’s $500 billion U.S. investment commitment while noting India’s high tariffs and a temporary 26% reciprocal tariff…

Donald Trump to Tim Cook, says 'don’t build in India, focus on US expansion'

In a bold statement during a business event in Doha, US President Donald Trump urged Apple CEO Tim Cook to halt the company’s ongoing expansion in India. Trump’s comments come as Apple increasingly shifts its manufacturing operations from China to India, with plans to make India a major global production hub for iPhones. President Trump, known for his vocal stance on domestic job creation and trade protectionism, expressed his dissatisfaction di…