Liv McMahon
Technology reporter
We reported earlier that Apple is thinking about raising prices for its next series of iPhones amidst the tariff hikes.
Coincidentally, Trump says he spoke to Apple’s boss Tim Cook earlier today.
Not much detail is known about the conversation aside from one comment - Trump says Cook “is going to be building a lot of plants in the US for Apple".
The firm has been trying to rely less on Chinese manufacturing, and has already committed to invest $500bn in the US.
But it’s gotten caught up in the tariff fallout simply because around 80% of its US-bound iPhones are made in China, according to market research firm Counterpoint.
The remaining 20% are made in India – but this amount may be set to grow as the company looks to avoid tariffs.
