Trump took to Twitter to express some firm opinions on the trade war in a series of tweets. He first began by stating that the US had "foolishly" lost trillions of dollars to China. "Our country has lost, stupidly, Trillions of dollars with China for many years. They have stolen our intellectual property worth hundreds of billions of dollars a year and want to continue. I will not allow this! We do not need China and, to be honest, it will be much better without them. "
He further said that "the huge sums of money that China has been making and stealing from the US, year after year, for decades, will and must stop. Our great US companies are set to start looking for an alternative to China immediately, including bringing your companies HOME and making your products in the US. "
Our country has lost, stupidly, Trillions of dollars with China for many years. They have stolen our intellectual … https://t.co/poBcYLSMOj photos19459006ric – Donald J. Trump (@realDonaldTrump) 1566572343000
Now here is where India could benefit – especially when it comes to Apple – as Trump has "commissioned" companies to look for alternatives to China. For Apple, the production of iPhone and other products in India has started to pick up speed. Apple phones made in India have been reported to be sold throughout Europe and other countries. These include the 2018 iPhone models – XS, XS Max and XR. Multiple reports also suggest that Apple may look to produce more in countries such as Vietnam and India.
Whether Apple, Google and other companies are looking for other alternatives will depend more on how brutal the trade war is. The US imposes higher tariffs on goods imported from China, which will affect prices. Products such as smartphones, laptops, headsets and more can be expensive, as new tariff rounds start on September 1st.
Interestingly, in this range of tariffs, iPhone may not be spared. Apple CEO Tim Cook met with the US president last week, and Trump said the tariffs would eventually help Apple's competitors, like Samsung. Trump said he finds Cook's arguments "convincing" and that the Apple CEO is "the great CEO" the president would like to "help in the short term."
Now that Trump is "ordering" companies to look for alternatives, this may bring some good news for India.