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Trump Reciprocal Tariff: Apple’s stock has declined by more than 7 % after US President Donald Trump’s announcement of reciperook tariffs in many countries of the world. It also includes the production unit of the company in China, India and Vietnam. The iPhone maker Apple no longer faced difficulties on the roads of business, but now after the order of Trump’s tariff, the way ahead can be difficult for the company.
Apple grows rapidly in India
The company has shifted 10-15 percent of its iPhone production in India. With this, India has now become a base of export of its product. Trump has imposed 27 percent counter -tariff on India on Wednesday. The company provides iPhone assembled Foxconn and Tata Electronics to the company in India. Not only this, due to the production linked incentive of the central government, Apple has made a new record of production in India. Along with this, the export of iPhone made in India has also reached a record level.
Apple business also in China and Vietnam
It is believed that the company has also increased its supplier base to 64 in India as compared to 14 suppliers, which indicates the growing scope of the company towards assembling in India. Trump has imposed 34 percent tariff on import of goods from China, 20 percent of the earlier tariffs have been added to it. That is, overall America has imposed 54 percent tariffs on China. Whereas in China itself, Apple’s biggest manufacturing unit is. In Vietnam, the US has put 46 percent tariffs. Here are some airpods, iPads, Apple Watch and Mac of the company.
Tariff will have huge impact on export
Tariff means that export of its product made in these countries for Apple will become expensive in America. In such a situation, the company can either reduce its production here or put the burden of additional cost on consumers, so that the products of the company will become expensive. Tariff means that export of its product made in these countries for Apple will become expensive in America. In such a situation, the company can either reduce its production here or put the burden of additional cost on consumers, so that the products of the company will become expensive. Speaking to The Indian Express, President of the Electronics and Semiconductor Association of India (IESA) (IESA), said, “Tariff may affect India’s growing exports, but India can stay ahead in this race as China, Vietnam, Taiwan and Thailand have more tariffs.”
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What is the reciperook tariff, which President Trump put on more than 180 countries including India
