US-bound phone assembly could shift to India as a means of avoiding or reducing tariffs paid by Apple. News reports this week say that Apple plans to shift production of iPhones bound for the U.S. market from China to India. It’s seen as a response to President Trump’s China tariffs.

A new plant in India has begun operations to make Apple's (NASDAQ:AAPL) iPhone, while another will start shipments in May, Reuters reported, citing a person familiar with the matter. The developments come amid Apple bolstering its manufacturing in India as it seeks to diversify its supply chain base beyond China,