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A decision by US President Donald Trump can have a huge impact on the iPhone made in India. Actually, Trump has decided to impose reciperook tariff on India. This means that in America, things going from India will be taxed as much as it is on things coming from America to India. In such a situation, Apple may get a huge setback to sell iPhones from India and sell it in the global market including America. Let’s know the whole matter.
Apple will be affected
Apple is currently among the largest companies exporting electronics goods from India. The company manufactures its products in India to sell in American and global markets. There is an estimate that the company has shown $ 8-9 billion in this financial year. There is no duty in America yet on goods made in India. Therefore, it is cheaper for the company. Apart from Apple, companies like Samsung and Motorola also make their products in India for the American market.
… So it will be more expensive than China
The Government of India has imposed duty on goods coming from outside to increase manufacturing manufacturing at the domestic level. India charges 16.5 percent duty on goods coming from America. Now if Trump also puts so much duty on goods going from India, then the cost of goods going from India for companies will increase and it can be more than the cost of goods coming from China. Trump has announced 10 percent duty on China. & Nbsp;
Difficulties for Apple
China is the biggest manufacturing hub for Apple. In such a situation, if 16.5 percent duty on goods going from India will be charged, then it will become more expensive than China. In such a situation, manufacturing in India will not be a profitable deal for Apple. Like Apple, other companies will also be affected.
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