Trump’s Apple tariff threat
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The US initially announced new tariffs last month on imports from various countries, including a 26 per cent levy on India. It later suspended the tariffs on all its trade partners except China for 90 days until July,
India's path to becoming a clear-cut alternative to China isn't a guaranteed outcome, despite U.S. tariffs on Chinese goods. Bank of America expects iPhone costs could increase by only 25% if final assembly is moved to the U.
US tariffs on imported iPhones will increase prices due to higher duties and production costs. Relocating Apples supply chain from Asia to the US is impractical and expensive. India remains a vital manufacturing hub,
Price escalation due to the baseline tariff of 10 per cent imposed by the US on all exports from India will be adjusted by the market in the next few months, a senior official said
NEW DELHI, - India is opening up a chunk of its protected government procurement market to foreign firms, including the U.S, two government sources said, in a shift that could extend to other trading partners after it was offered to the UK under a trade deal this month.
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India is seeking tariff concessions on its labour-intensive sectors like leather and textiles. Meanwhile, the Trump administration would need Congress’s approval to reduce tariffs below the MFN (most
Data shows that developed nations across Asia and Europe are in a much tougher fix with the world economy continuing to struggle with high tariffs.
India's finished steel imports fell 11.3% year on year in April to 0.5 million metric tons following a decline in shipments from China and Japan, according to provisional government data reviewed by Reuters on Thursday.