An opportunity to chew on

One piece of fallout from Donald Trump’s tariff chaos seems to be Apple’s announcement that it will shift more iPhone production for the US market from China to India. The Covid pandemic had already been a driver for firms to seek diversification of manufacturing sites. Apple began iPhone production in India in 2017, wooed by Indian policies to promote “making in India”. Over the years, Apple has shifted from making only older iPhone models in India to the latest versions. The import value of iPhones sold in the US is somewhere in the order of $50 billion.