Before the latest exemption, the iPhone maker had a plan: adjust its supply chain to make more US-bound iPhones in India, which would have been subject to far lower levies. That, Apple executives believed, would be a near-term solution to avoid the eye-watering China tariff and stave off hefty price hikes.
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Apple was on brink of crisis before tariff concession from Trump
Apple was on brink of crisis before tariff concession from Trump
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