So much for our deep friendship with India! Tim Cook might have figured that shifting production lines for iPhones in the American market from China to India would curry favor with the White House. The initial suspension of tariffs on high-tech products like those made by Apple must have appeared that Cook made the right call.
Not so fast:
Looks like Cook guessed wrong. The New York Times suggests that Trump has been “rethinking” his pauses, and also the overall aims of his tariff policies. Their reporters also question the feasibility of rehoming these production lines:
In April, Mr. Trump also agreed to exclude electronics, including iPhones, from the tariffs he had imposed on China. The step could have saved companies like Apple billions of dollars in tariff costs. But the president’s comments Friday morning suggested he might be rethinking that…
