US President Donald Trump boasted “jobs and factories will come roaring back” when he unleashed unprecedented tariffs around the world during his “Liberation Day” address last month.

Unhappy that Apple intends to source nearly all of its U.S. iPhones from India, President Donald Trump on Friday threatened a 25% tariff on the popular device unless the tech giant moves production to the United States.

“It will also cut US trade deficit with India, a major concern for Trump. For every iPhone sold at around $1,000 in the US, India's share is less than $30. Yet, in trade data, the full $ 7 billion export value adds to the US trade deficit”, Srivastava says.

Apple's iPhone 17 series may debut in September with a rebranded lineup, featuring a new Ultra model, design upgrades, and major camera improvements.

As Apple (AAPL) struggles to resolve supply chain issues amid ongoing tariff uncertainties, its supplier, Hon Hai Precision Manufacturing, aka Foxconn, has increased investment in its Indian subsidiary.

Foxconn’s Indian plants have taken centre stage in assembling iPhones, and the ecosystem is expanding rapidly with contributions from other major players.

Apple is considering a significant shift in its manufacturing strategy, potentially moving up to 60-65% of iPhone production to India, depending on tariff negotiations. Despite US President Donald Trump's disapproval of expanding manufacturing in India,

We recently published a list of 10 Trending AI Stocks on Wall Street Right Now. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other trending AI stocks on Wall Street right now.