United States President Donald Trump has restarted efforts to convince American companies to build their products locally and not in China, and Apple appears to be one of the targets.
In a tweet earlier this week, Trump warned that manufacturing the iPhone in the United States would mean zero taxes for the company, thus avoiding the China tariffs.
“Apple prices may increase because of the massive Tariffs we may be imposing on China – but there is an easy solution where there would be ZERO tax, and indeed a tax incentive. Make your products in the United States instead of China. Start building new plants now. Exciting! #MAGA,” Trump tweeted.
The iPhone, however, wouldn’t be affected by China tariffs, yet moving not manufacturing, but the assembly process to the United States could lead to a price increase for the device.
Substantial price increase
Bank of America Merrill… (read more)
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