Apple contracted at least five emergency air freight shipments of iPhones and other products from India and China to the U.S., aiming to avoid new tariffs following President Trump's "Liberation Day" blitz last Wednesday.

"Factories in India and China and other key locations had been shipping products to the US in anticipation of the higher tariffs," The Times of India reported, citing a source familiar with the situation. 

The source continued: "The reserves that arrived at lower duty will temporarily insulate the company from the higher prices that it will need to pay for new shipments under the revised tax rates."

Apple’s emergency stockpiling of iPhones and AirPods—primarily manufactured in India and China—will allow the company to maintain current pricing on exports to the U.S. The company faces a 26% tariff on shipments from India and a 54% tariff on goods from China. Trump made threats earlier today of possibly doubling tariff levels by 50% on China. 

Trade data via the supply chain platform Sayari shows that Foxconn India is a major supplier for CEO Tim Cook.

Here's more color on Apple's global supply chain that resides primarily in Asia (or the region where Trump unleashed a tariff bazooka): 

Apple is panicked about the tariffs. The question remains if Cook will be able to maintain the current psychological pricing threshold for the next iteration of the iPhone at $999.