Apple projects massive $1.1 billion tariff threat – What does it mean for India’s iPhone production?
After months of negotiations, US President Donald Trump has finally hit countries around the globe with his massive tariffs plan. In that process, India has suffered a consequential blow of 25% tariff imposition, while also having to face demoralising jibes at the hand of the American leader.
Given his original ‘America First’ stance, one can’t help but quickly expect Apple’s ties with India to take a major hit. The situation especially seems to be slipping out of control over the tech giant’s projection that it could suffer $1.1 billion in tariff-related costs in the September quarter.
