Trump tariffs: Stocked-up Apple buys time, may not pass on duties soon

New Delhi: Apple does not intend to make any immediate changes to retail prices of its products, such as iPhone, including in India, following the Trump administration’s imposition of reciprocal tariffs as the company had sent “unusually high” number of shipments from factories in India and China to build up stocks in America, despite this being a “relatively lean period”, sources told TOI.

Apple’s warehouses in the US remain “sufficiently stocked up for the next few months”, with products shipped from key manufacturing locations at a “frenetic pace” to beat the start of the higher tax regime, that begins with a baseline 10% tariff from April 5 and then with addition of respective reciprocal tariffs (different for each country) from April 9.