20 August 06:49

International
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As the Trump administration steps up pressure on India over Russian oil purchases, Apple is ramping up its iPhone production at five factories in India, mostly operated by Tata and Foxconn. Treasury Secretary Scott Bessent has announced possible tariff hikes on India, accusing it of speculating with Russian oil. Apple plans to launch the iPhone 17 and is considering manufacturing a model exclusively in India. The decision is part of a strategy to reduce dependence on China and aligns with investment commitments in the US.