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US Tariffs On India: On Wednesday, President Donald Trump announced 25 percent new tariffs on India amid delay in trade deal between India and the US. His decision has increased the problem of industry. This announcement of Trump has also given a big blow to Apple’s business, which is an ambition to create export hubs in India and increasing its production rapidly. It is believed that this may affect the future plans of both production and export in India.
Along with this, Trump also announced to impose additional fine for India’s defense and energy relations. According to market experts, this decision will have a direct impact and Apple will have to increase the price of its products.
Jock Apple’s business
The US was exported to the US for $ 14 billion, pharmaceuticals of $ 10.5 billion and petroleum products worth $ 4.09 billion in FY 2024-25 from India. Till now there was no tariff on these things. In such a situation, there may be any effect on the prices of iPhone like high price electronics, it is not clear yet. Because of this, Apple is currently in ‘Wet and Watch mode’. But experts say that the scope of tariff may increase and its detailed details are yet to come.
