iPhone users get a shock! What impact Trump's tariff warning will have on iPhone price and exports from India?
Bad news for iPhone lovers: US President Donald Trump has clearly stated that if iPhones are not made in the US, Apple will have to pay 25% import duty (tariff). Trump's warning can have a direct impact on countries including India where Apple gets its iPhones made, especially in India under "Make in India". If this tariff is implemented, Apple's cost will increase and that burden will fall directly on the customers—which can lead to an increase in the price of iPhones by Rs 20,000–Rs 25,000. Why can iPhone prices increase? The main reason for the possible increase in the price of iPhones is the 25% tariff proposed by Trump. Trump says that iPhones sold in the US should be made in the US. But Apple currently manufactures in India and China to keep costs low. If heavy taxes are imposed on imports, Apple will have to manufacture in the US, which is expensive. This will have a direct impact on the price of the device. What will be the impact on Apple's supply chain? ...