The Trump administration has announced sweeping tariffs on goods from nearly 70 countries, with rates ranging from 10% to 41%. Many technology products, including semiconductors, electronics, and AI-related hardware, will be impacted beginning August 7. The tariffs are prompting countries to reassess their trade and strategic priorities, indicating a shift toward multiple centers of economic power globally. Semiconductor prices may rise due to tariffs on crucial suppliers like Taiwan and the EU. India has recently overtaken China in supplying smartphones to the U.S., accounting now for 44% of smartphone imports.
Tariffs imposed range from 10% to 41% on nearly 70 countries, affecting various technology products, including semiconductors, electronics, and AI-related hardware.
India has emerged as a major smartphone supplier to the U.S., now accounting for 44% of U.S. smartphone imports, significantly increasing its share from 13%.
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