Where does Trump’s retaliatory tariff move leave Apple’s ‘make in India’ story?
Apple's stock dropped 7% in after hours trading due to US President Trump's retaliatory tariffs on China, India, and Vietnam. India, where Apple shifted production and faces a 26% tariff, remains competitive among its production bases. The tariffs could affect India's exports and global growth, but Apple plans to invest $500 billion in the US to appease Trump.