Apple secretly chartered cargo flights to ship 600 tons of iPhones from India to the U.S., according to Reuters. The move aimed to avoid steep 125% tariffs on China-made devices imposed by Trump. Six 100-ton jets have flown since March, including one this week as new tariffs began. Apple increased air shipments from India by boosting iPhone production 20%, achieved by hiring more workers and extending operations at Foxconn’s largest Indian factory. Apple spent eight months establishing expedited customs clearance in Chennai with support from Prime Minister Modi’s government, according to a senior Indian official.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Apple secretly charted cargo flights to ship over 600 tons of iPhones from India to the U.S.,
00:07according to Reuters, moving them to avoid steep 125% tariffs on China-made devices
00:12imposed by President Trump. Six 100-ton jets have flown since March, including one this week
00:17as new tariffs began. Apple increased air shipments from India by boosting iPhone production 20%,
00:22achieved by hiring more workers and extending operations at Foxconn's largest Indian factory.
00:27Apple spent eight months establishing expedited customs clearance in Chennai with support
00:31from Prime Minister Modi's government, according to a senior Indian official.
00:35For all things money, visit Benzinga.com slash GSTV.