Apple is ramping up iPhone 17 production at five factories in India, even as Washington grows increasingly uneasy over India’s continued oil trade with Russia. The move aligns with Apple’s broader strategy to reduce reliance on China.
Treasury Secretary Scott Bessent accused India of “profiteering” from Russian oil and announced plans for secondary tariffs. President Trump has already hiked tariffs on Indian goods to 50%, warning of further penalties if no Ukraine peace deal is reached by September.
Apple’s expansion includes facilities operated by Tata Group and Foxconn, with plans to launch a new “iPhone 17e” model made in India next year. Shipments from India to the U.S. surged 76% in May, reflecting a pivot in Apple’s supply chain.
Despite the India push, Apple is also investing over $600 billion in U.S. manufacturing, including a $2.5 billion boost to Corning’s glass production. The company is walking a tightrope between geopolitical tensions and global market demands.
(source The Financial Express)
—Agencies
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