Why Donald Trump’s 50% India tariffs won’t raise iPhone prices for now
President Donald Trump has signed an executive order doubling tariffs on Indian imports. The 50 per cent levy, announced on 6 August, will take effect from 27 August and comes on top of the 25 per cent tariff introduced earlier this month.
Trump linked the decision to national security, pointing to India’s continued purchase of Russian oil. The order stated that India’s energy trade was helping Moscow fund its war in Ukraine. The US president accused New Delhi of indirectly supporting Russia’s war effort by continuing large-scale imports.
