Overview

• Apple's reliance on China persists, with 90% of its final product assembly still based there despite efforts to expand production in India and Vietnam.
• The U.S. and China recently agreed to a 90-day tariff reduction, lowering levies on Chinese imports to 30% from up to 145%.
• Since 2008, Apple has trained 28 million workers in China and committed $275 billion in investments to secure its manufacturing base.
• iPhones labeled 'Made in India' remain heavily reliant on China-centric supply chains, underscoring the slow pace of diversification.
• The rise of China's 'red supply chain,' supported by companies like BYD and Luxshare, highlights Beijing's growing geopolitical leverage over Apple.