Due to Trump’s tariffs, Apple’s plan to make India a global iPhone hub could take a significant hit, impacting the prices in India.
New Delhi: In a significant development on Wednesday, the US imposed a 25% import duty and a temporary penalty on all Indian imports from August 1, some sector of the Indian economy including the Apple’s iPhone manufacturing and its export plans could take a major hit. Here are all the details you need to know about how the recent tariff announcements are going to impact the Apple’s iPhone manufacturing in India.
How Donald Trump’s tariffs will hit iPhone manufacturing in India?
Readers should note that Apple had major plans to start manufacturing iPhones in India but due to the tariffs announced by Donald Trump, Apple’s plan to make India a global iPhone hub could take a significant hit. Notably, Apple aimed to scale up production from 35–40 million to 60 million units by 2025–26.
Bad news for iPhone lovers in India?
Confirming the facts, Prabhu Ram, vice president of Cyber Media Research was quoted as saying by a report by India TV that the higher cost will have a direct impact on iPhone exports from India, which may further reduce demand in the US market.
Piyush Goyal reacts on Trump tariffs on India
Union Commerce Minister Piyush Goyal has reacted on the tariffs imposed by India that the country will take all necessary steps to protect national interest while negotiating trade deals with countries, as US President Donald Trump announced to slap 25 per cent tariffs, along with a penalty on India, from August 1.
Addressing the Parliament, Goyal also dismissed the US President’s “dead economy” comment, saying India has risen from 11th to the fifth-largest economy in 10 years, and remains the fastest-growing economy in the world, as per a report by IANS news agency.
According to the Commerce Minister, international agencies look at India as the bright spot in the world economy.
(With inputs from agencies)
