Apple Rushes Shipments From India To Dodge Tariffs
Apple rushed five planeloads of iPhones from India to the U.S. in just three days to beat new tariffs imposed by the Trump administration, Times of India reported Monday, citing sources. The urgent shipments during the final week of March aimed to avoid the 10% reciprocal tariff that took effect on April 5. The stockpiling will allow Apple to maintain current pricing temporarily. "The reserves that arrived at lower duty will temporarily insulate the company from the higher prices that it will need to pay for new shipments," the Indian daily cited a source as saying. The Trump administration also announced a 26% reciprocal tariff to be implemented on April 9, potentially accelerating Apple's manufacturing shift away from China. India offers a significant tariff advantage, with Indian exports facing a 26% tariff to the U.S. compared to 54% on Chinese goods. Further reading: India's Economic Chess Against Twin US Economic Threats. Read more of this story at Slashdot.
Apple rushed five planeloads of iPhones from India to the U.S. in just three days to beat new tariffs imposed by the Trump administration, Times of India reported Monday, citing sources. The urgent shipments during the final week of March aimed to avoid the 10% reciprocal tariff that took effect on April 5.
The stockpiling will allow Apple to maintain current pricing temporarily. "The reserves that arrived at lower duty will temporarily insulate the company from the higher prices that it will need to pay for new shipments," the Indian daily cited a source as saying. The Trump administration also announced a 26% reciprocal tariff to be implemented on April 9, potentially accelerating Apple's manufacturing shift away from China. India offers a significant tariff advantage, with Indian exports facing a 26% tariff to the U.S. compared to 54% on Chinese goods.
Further reading: India's Economic Chess Against Twin US Economic Threats.
Read more of this story at Slashdot.
