The Trump administration has imposed a new 25% tariff on all imports from India, resulting in a total tariff rate of 50%. This is the highest tariff rate on any country. The tariffs are effective August 27, primarily due to India's imports of Russian oil. Apple, which has been moving iPhone manufacturing to India, faces challenges as the timing intersects with the expected shipping of the iPhone 17 series. Apple's manufacturing in India is projected to rise from 14% to 25%. Trump additionally warned of a potential 100% tariff on all foreign semiconductor imports, with exemptions for companies investing in US manufacturing.
The Trump administration is enforcing a new 25% tariff on all imports from India, bringing total levies to 50%, making it the highest rate on any country.
Apple, transitioning iPhone manufacturing to India, faces setbacks as the 25% tariff coincides with the expected shipping of its iPhone 17 series in late August.
Currently, 14% of all iPhones are made in India, expected to rise to 25% by year-end, marking India's growth as a leading manufacturing hub for Apple.
Trump warned of a possible 100% tariff on foreign semiconductor imports, while companies investing in US manufacturing would be exempt from such tariffs.
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