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- by finance.yahoo.com
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Apple Reroutes 97% Of Foxconn iPhone Exports From India To US Between March And May As Trump Threatens 25% Tariff On Non-US-Made iPhones: Report
Apple Inc. (NASDAQ:AAPL) has reportedly increased its iPhone shipments from India to the U.S. in the past few months, as the tech giant moves to protect its U.S. sales from the impact of escalating tariffs on China-made goods. What Happened: Between March and May, 97% of iPhones exported by Foxconn, also known as Hon Hai Precision Industry Co., Ltd (OTC:HNHAF), from India were sent to the U.S., according to customs data reviewed by Reuters. That's a steep jump from the 2024 average of just over