Cliff Notes – iPhones sold in US will no longer come from China as Apple reveals impact of Trump’s tariffs
- Apple will source most iPhones from India and iPads from Vietnam to avoid the effects of tariffs imposed by Donald Trump, aiming to maintain consumer prices in the US.
- Despite a limited impact on financial performance so far, CEO Tim Cook anticipates an additional cost of £677 million due to ongoing tariffs in the current quarter.
- The company reported revenues of £71.8 billion and earnings of £18.6 billion for January to March, driven partly by heightened consumer demand before new tariffs took effect.
iPhones sold in US will no longer come from China – as Apple reveals impact of Trump’s tariffs
Apple says devices sold in the US will no longer come from China, as the tech giant tries to mitigate the impact of Donald Trump’s tariffs.
Most iPhones will be sourced from India instead, with iPads coming from Vietnam, to prevent dramatic price rises for American consumers.
Unveiling financial results from January to March, the company said the US president’s escalating trade war has had a limited impact on its performance so far.
However, Apple CEO Tim Cook believes the tariffs will add £677m in costs during the current quarter – assuming Trump’s policies don’t change.
Sources
iPhones sold in US to no longer come from China in wake of Trump’s tariffs – LBC
Apple confirms ‘majority’ of iPhones sold in US will come from India in near term – The Indian Express
iPhones sold in US will no longer come from China – as Apple reveals impact of Trump’s tariffs – This is the Coast
Why Trump can’t build iPhones in the US – FT