Apple CEO Tim Cook has announced that the tech giant will significantly increase its production of iPhones and other devices for the US market in India and Vietnam, as the company seeks to mitigate the impact of US tariffs on Chinese imports. Cook made the announcement during a call with investors to discuss Apple’s financial performance. According to Cook, the majority of iPhones destined for the US market in the coming months will be manufactured in India, while Vietnam will be the primary production hub for iPads, Apple Watches, and other Apple products. China will continue to be the country of origin for the vast majority of Apple’s total product sales outside the US. Apple had initially estimated that US import taxes could add approximately $900 million to its costs in the current quarter, despite the Trump administration’s decision to exempt key electronics from the new tariffs. The uncertainty surrounding global trade policies has prompted many companies, including Apple, to reevaluate their supply chains. During the call, Cook emphasized Apple’s commitment to investing in the US, reminding investors of the company’s plans to invest $500 billion across several US states over the next four years. Cook also highlighted the progress Apple has made in shifting its iPhone supply chain to India, which he described as a “marked change” from previous statements indicating that only China could build iPhones. Amazon, another tech giant, has also been repositioning itself to increase resilience in the face of tariffs. The company reported that sales in its North America e-commerce business had risen 8% year-on-year in the most recent quarter and forecast similar growth in the months ahead. Amazon CEO Andy Jassy expressed optimism that the company could weather the challenging conditions and emerge stronger than before. Apple’s financial results for the first quarter of 2023 showed revenues of $95.4 billion, a 5% increase from the same period last year. Amazon reported revenues of $155.7 billion, a 9% increase from the same period last year, with profits surging more than 60% year-on-year to roughly $17 billion. In summary, Apple and Amazon have reported strong financial results for the first quarter of 2023, despite the ongoing uncertainty surrounding global trade policies. Apple has announced plans to significantly increase its production of iPhones and other devices for the US market in India and Vietnam, while Amazon has expressed optimism about its ability to weather the challenging conditions and emerge stronger than before.