President Donald Trump said he’s asked Apple’s Tim Cook to stop building plants in India to make devices for the US, pushing the iPhone maker to add domestic production as it pivots away from China. “I had a little problem with Tim Cook yesterday,” Trump said of his conversation with the Apple chief executive officer in Qatar, where he’s on a state visit. “He is building all over India. I don’t want you building in India.” As a result of their discussion, Trump said Apple will be “upping their production in the United States.” Trump’s comments throw a wrench into Apple’s plan to import most of the iPhones it sells in the US from India by the end of next year, accelerating a shift beyond China to mitigate risks related to tariffs and geopolitical tensions. Trump also said the US might be getting closer to an agreement with Iran to curb the Islamic Republic’s nuclear program.
“I think we’re getting close to maybe doing a deal,” Trump said in Qatar at an event with business leaders on Thursday.
Today’s guests: Toril Bosoni, International Energy Agency Head of Oil Industry and Markets Division, Dubravko Lakos-Bujas, J.P. Morgan Head of Global Markets Strategy, Teresa Heitsenrether, J.P. Morgan Chief Data & Analytics Officer
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse With Francine Lacqua
00:00:40 – Trump Says India Offered to Remove All Tariffs on US Goods
00:02:55 – Trump Wants Apple to Stop Moving iPhone Production to India
00:02:59 – Trump Says US and Iran Are Closer to Reaching a Nuclear Deal
00:05:50 – US Announces Over $243B in Deals With Qatar
00:07:08 – Toril Bosoni, International Energy Agency Oil Markets Head
00:12:30 – US Tariffs Top of Mind at APEC 2025
00:16:06 – Dubravko Lakos-Bujas, JP Morgan Global Markets Strategy Head
00:27:14 – No Indication Putin Joining Negotiations
00:30:34 – Qatar Agrees ‘Largest Ever’ Boeing Order
00:33:33 – Teresa Heitsenrether, JP Morgan Chief Data & Analytics Officer
00:38:39 – Alibaba & The AI Frenzy
00:43:57 – Roland Busch, Siemens CEO
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