Why Apple is expanding iPhone production in India despite Trump’s objections

CHENNAI: Apple’s contract manufacturer for iPhone production, Hon Hai Precision Industry Company—better known as Foxconn—announced earlier this week that it is moving forward with a $1.5 billion display module plant in India. The announcement, made through an exchange filing at the London Stock Exchange, came just a few days after former US President Donald Trump publicly criticised Apple’s strategy to expand iPhone production outside the US. He later proposed a 25% tariff on iPhones manufactured abroad—a move that appears more transactional than practical.