"I expect iPhones that will be sold in the United States of America will be manufactured and built in the U.S."

Despite potential tariffs, Apple is increasing its iPhone production in India due to significantly lower labor costs compared to the U.S. Even with a 25% import duty, Indian assembly remains far more economical.

Trump had said that Apple will have to pay a 25% import tariffs if its mobile handsets sold in US are not produced in the boundaries of the country.