News has been added to the top of the lists.
Climb up to see them.
Subscribe to the newsletter
Apple turns to India to help ease Trump’s China tariffs
Financial Times -
09/04
iPhone maker is facing one of the biggest threats to its business in years
Apple is relying on deepening its relationship with India to help it counter the immediate impact of Donald Trump’s aggressive China tariffs, as the iPhone maker grapples with one of the biggest threats to its business in years.
The Cupertino-based tech giant plans to send more of the iPhones it builds in India to the US as a short-term measure to avoid the high cost of China tariffs, according to people familiar with the matter.
Apple has been one of Wall Street’s biggest casualties of the US president’s tariff blitz — losing around $700bn in market value since last week’s announcements — highlighting the dilemma the group now faces having built its business around advanced manufacturing in China and failed to get a last-minute exemption from Washington’s 104 per cent levy on the country.
In the days since Trump’s “liberation day” announcement, at least 10 flights took off from Chennai Inte... [Short citation of 8% of the original article]
Loading...
🍪
The economic model of our website relies on displaying personalized advertisements based on the use of advertising cookies. By continuing your visit to our website, you consent to the use of these cookies.
Privacy Policy