Apple’s ‘Make in India’ dream meets tariff reality in Trump’s trade salvo

India’s ambitions to become a global iPhone manufacturing hub may have hit a bump in the road. In a sweeping move, US President Donald Trump announced “reciprocal tariffs” on more than 180 countries. India — where Apple has recently relocated up to 15% of its iPhone production — has been slapped with a 26% tariff by the US. While that rate is lower than China’s staggering 54% and Vietnam’s 46%, Indian officials aren’t breathing easy.