With President Trump’s China tariffs and China’s retaliatory actions gutting Apple stock today, a report from the Brazilian publication Exame claims that Apple is considering producing its iPhone smartphone in Brazil. Trump’s tariffs are designed to entice companies to produce their products in the US by raising their import costs and to nudge countries to reduce the barriers that they have erected against US exports. Apple already manufactures the base iPhone 16 in Brazil, and Exame’s report is brief as it simply quotes anonymous sources to point out that Apple might utilize lower tariffs against Brazil to expand its production […]
Read full article at https://wccftech.com/apple-tipped-to-expand-iphone-production-in-brazil-due-to-us-tariffs-on-china-report/
