The US president also reignited a fresh trade war with a threat to impose 50% higher tariffs on imports from the European Union. On 15 May, Trump had asked Apple’s chief executive officer not to manufacture in India.

Manufacturing iPhones in India is still economically viable even if a 25 per cent tariff is applied, according to a recent report.

Apple's decision to expand iPhone manufacturing in India despite challenges shows the growing global confidence in the country's manufacturing ecosystem, BJP's Kerala unit President and former Union Minister Rajeev Chandrasekhar,

But now, President Donald Trump, in his effort to return manufacturing to the U.S. by hiking tariffs, is trying to break up the happy couple. Annoyed by Apple shifting some of its production from China to India, rather than to the U.S., he said on Thursday that he had scolded Apple CEO Tim Cook about it.

Apple supplier Foxconn will invest $1.5 billion in its India unit, the company said in a filing, as the iPhone maker shifts more manufacturing out of tariff-hit China.

Tras criticar los planes de Apple de fabricar la mayoría de sus iPhones estadounidenses en India, el presidente Donald Trump amenazó el

Apple, Inc. (AAPL) stock has declined for seven straight sessions as tariff uncertainty remains an overhang. Even as CEO Tim Cook and his team focused on India as a production base as a workaround for the China tariffs,