Apple, which relies on China, India, and other regions, might have circumvented the heavy tariffs imposed by the US government.
It seems that US President Trump’s decision to impose hefty tariffs might be backfiring on American companies. For instance, Apple is now looking for ways to ditch the new tariffs since it imports goods from China—which has been hit with a 54% tariff. In response, China has retaliated with a 34% reciprocal tariff on the US.
As the trade war heats up, Apple is thinking of increasing its iPhone production in Brazil to avoid the new taxes set by the US government. According to Brazilian publication Exame, sources close to the matter reveal that expanding assembly lines in Brazil could be a better option for Apple.
