Trump Tariffs: Apple Braces For $900M Hit | Nvidia Warns Of Huawei's AI Advances | The World Report

Trump Tariffs: Apple Braces For $900M Hit | Nvidia Warns Of Huawei's AI Advances | The World Report Apple has said that it expects to take a $900 million hit from new import tariffs imposed by the Trump administration...despite exemptions for key electronics like phones and computers. The tech giant is rapidly shifting production of iPhones bound for the U.S. out of China and into India, with CEO Tim Cook confirming that most iPhones sold in the U.S. this summer will be made in India. In another development, Nvidia has raised red flags in Washington over the rise of Huawei's artificial intelligence capabilities. CEO Jensen Huang met privately with members of the U.S. House Foreign Affairs Committee, warning that export restrictions on Nvidia's chips could actually boost demand for Huawei's alternatives. Watch The World Report for the latest updates.