Apple and Porsche were among several important companies that, according to the reports, rushed to send goods to the US. To store the inventory before the launch of the “Liberation Day” rate of President Trump.
Trump’s reciprocal rates on commercial partners include 26% in India and 20% on EU-Went members in force on Wednesday, before reversing the course later and announced a 90-day pause.
At the same time, Hey maintained a 125% rate for China after announcing retaliation levies on US assets.
Since March, the Apple directed by Tim Cook has rented at least six cargo jets, each with approximately 100 tons of iPhones, to fly from India to the United States, Reuters reported, citing family sources of the sitting.
The technological giant also pushed the Indian authorities to accelerate shipments through customs.
Apple “wanted to overcome the rate” with its last minute shipments, a source familiar with its planning told Reuters.
In total, approximately 1.5 million iPhones were transported to the USA., According to Reuters calculations.
Apple did not immediately return a request for comments.
Previous reports said Apple planned to intensify production in its manufacturing plants based in India while moving away from China, where it manufactures the vast majority of its hardware.
Luxshare, a Chinese firm that brings together iPhones and manufactures Airpods, has also said that it could change more production to the United States.
Apple’s shares fell more than 7% in Thursday’s negotiation and more than 20% have plunged from the beginning of the year due to their exposure to China.
Meanwhile, the German luxury car brand Porsche warned Thursday analysts that their results of the first quarter would be affected by the “highest inventory of the company with the deadline of fees.”
Trump imposed a 25% tariff on imported cars and car parts that entered into force on April 3.
This tax remains in force despite its 90 -day break in the country’s specific measures.
Automobile rates are expected to result in significant manufacturing costs for companies that build their vehicles abroad.
Porsche has not yet said if prices will rise.
Rival Ferrari said recently that it would increase its prices by 10% in some models to account for tariffs.
In other places, technology companies such as Microsoft, Dell and Lenovo pushed their suppliers to intensify products before the tariffs are maintained, including computers price greater than $ 3000, Nikkei Asia reported.
