Economics
Foxconn's U.S. Plant Helps Apple Fend Off iPhone Import Tariffs
- Trump has criticized Apple’s outsourced Chinese manufacturing
- Republican leaders now say border tax is unlikely this year
Why Making an iPhone in the U.S. Isn't a Great Idea
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Apple Inc. likes to say it supports 2 million U.S. jobs. Plans by the company’s main manufacturing partner for a $10 billion factory in Wisconsin will add at least 10,000 more, helping Apple fend off the threat of import tariffs on its most important product, the iPhone.
President Donald Trump and Foxconn Technology Group Chairman Terry Gou said in a White House press conference on Wednesday that the factory will initially employ about 3,000 people, before expanding to as many as 13,000. It’s being built in House Speaker Paul Ryan’s home electoral district.