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Time of India
2 days ago
- Time of India
Indian electronics industry has 2-weeks breather from US tariffs
New Delhi: Indian electronics industry has around two weeks breather from the proposed tariffs due to the pending review of a key section that covers technologies under the ongoing bilateral negotiations, industry and government sources said. US President Donald Trump on Wednesday announced the imposition of a 25% tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying military equipment and crude oil from Russia. "Section 232 which covers electronics and technology products is expected to come up for review after two weeks. When the US had imposed basic 10% duty then also technology products were exempted due to pending review of section 232. This is the position as of now. We don't know what will (happen) after two weeks," a government source said. It was, however, not clear if the 25% duty will be imposed in addition to the existing 10% baseline tariff. The 10% tariff, which currently applies to most Indian goods barring a few, was announced by Trump on all countries on April 2. Also, the exact quantum of the penalty is unclear. Smartphones, especially the iPhone, are the biggest component of electronics exports from India to the US. Trump has been openly calling out Apple to stop expanding iPhone production in India. The tariff of 25% announced by Trump is expected to hit Apple's plans to expand iPhone manufacturing in India as well as export of other electronics to the US, according to analysts. "Today's sudden announcement of 25% tariffs on exports from India to US will certainly hit Apple's plan of making India as a large export hub for iPhone exports to US," IDC India, South Asia & ANZ, Associate vice president for devices research, Navkendar Singh said. He said the US makes up around 25% of iPhone shipments for Apple, which is around 60 million per annum. "To meet the iPhone demand in the US from iPhone assembled in India requires significant manufacturing expansion in India, which will be directly impacted by these new tariffs," Singh said. According to multiple sources, Apple plans to increase iPhone production to 60 million units this year, from about 35-40 million units that it produced in 2024-25. Apple CEO Tim Cook, during the second-quarter earnings call had announced that all iPhones sold in the US in the June quarter will be shipped from India. India-made iPhones are assembled in Taiwanese contract manufacturer Foxconn's factory in Tamil Nadu. "For Apple, near-term challenges include higher costs on India-assembled iPhones exported to the US, potentially dampening demand and prompting recalibration of its supply chain. While some long-term shifts toward US-based production are in motion, India will remain a critical lynchpin in Apple's global strategy," CyberMedia Research, Industry Research Group (IRG), Vice President (VP), Prabhu Ram said. The blow from the US comes at a time when Indian electronics production is reeling under pressure due to restrictions being imposed by China on supply of several critical components, capital goods and even skilled technology professionals. Elcina , Secretary General, Rajoo Goel said that China's hostile steps can impact the supply side and increase costs as production will be impacted, at least in the short-term till alternatives are developed "Increase in tariffs by the US will affect exports, shrinking demand. Both these steps could result in slowing down growth," Goel said.
Mint
2 days ago
- Mint
Trump Tariff on India: 25% tax to affect Apple's manufacturing plans? Will iPhones now cost more? What experts say
Trump Tariffs on India: US President Donald Trump's tariff announcement is expected to affect Apple's big plans to make iPhones in India, experts have flagged. Trump on Wednesday announced a 25 per cent tariff on India, plus unspecified penalties for importing Russian oil. The Trump tariffs on India are slated to kick in from August 1. India overtook China to become the top supplier of smartphones sold in the US, thanks to Apple's move to shift production of its iPhones to the country. However, the 25 per cent US tariffs on India can pose a significant risk to this now. The US makes up around 25 per cent of iPhone shipments for Apple at around 60 million units per year. With the elevated US tariffs on Indian goods, exports to Washington DC may take a hit as Apple will have to pay 25 per cent levy on its iPhone exports from India. The tariffs imposed by Donald Trump will not only affect Apple's manufacturing in India but might increase cost of iPhones for US consumers. Apple will have to pay higher tariffs to export iPhones from India to the US, a cost it will likely pass on to consumers there. The only case when iPhone prices in US will not increase is if Apple decides to absorb the cost or shift its manufacturing base elsewhere. Experts agreed about the impact of Trump tariffs on India on Apple iPhone production "Today's sudden announcement of 25 per cent tariffs on exports from India to the US will certainly hit Apple's plan of making India as a large export hub for iPhone exports to US," IDC India, South Asia & ANZ, Associate Vice-President for devices research, Navkendar Singh, was quoted as saying by PTI. 'To meet the iPhone demand in the US from iPhone assembled in India requires significant manufacturing expansion in India, which will be directly impacted by these new tariffs,' he added. CyberMedia Research, Industry Research Group (IRG), Vice President (VP), Prabhu Ram, told the news agency that a dampened demand may prompt Apple to rethink its supply chain. "For Apple, near-term challenges include higher costs on India-assembled iPhones exported to the US, potentially dampening demand and prompting recalibration of its supply chain. While some long-term shifts towards US-based production are in motion, India will remain a critical lynchpin in Apple's global strategy," he said.
News18
3 days ago
- News18
US tariff to hit iPhone production expansion, electronics exports
Agency: Last Updated: New Delhi, Jul 30 (PTI) US President Donald Trump's announcement of 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty, is expected to impact Apple's plans to expand iPhone manufacturing in India as well as export of other electronics to the US. The move comes at a time when Indian electronics production is reeling under pressure due to restrictions imposed by China on supply of several critical components, capital goods and even skilled technology professionals. According to industry experts, while Chinese restrictions may slow down production, US tariff will impact exports of electronics from India. 'Today's sudden announcement of 25 per cent tariffs on exports from India to the US will certainly hit Apple's plan of making India as a large export hub for iPhone exports to US," IDC India, South Asia & ANZ, Associate Vice-President for devices research, Navkendar Singh, said. He said the US makes up around 25 per cent of iPhone shipments for Apple — around 60 million per annum. 'To meet the iPhone demand in the US from iPhone assembled in India requires significant manufacturing expansion in India, which will be directly impacted by these new tariffs," Singh said. According to multiple sources, Apple plans to increase iPhone production to 60 million units this year from about 35-40 million units that it produced in 2024-25. Apple CEO Tim Cook, during the earnings call for the second quarter ended March 29 had announced that all iPhones sold in the US during the April-June period will be shipped from India. India-made iPhones are assembled in Taiwanese contract manufacturer Foxconn's factory in Tamil Nadu. 'For Apple, near-term challenges include higher costs on India-assembled iPhones exported to the US, potentially dampening demand and prompting recalibration of its supply chain. While some long-term shifts towards US-based production are in motion, India will remain a critical lynchpin in Apple's global strategy," CyberMedia Research, Industry Research Group (IRG), Vice President (VP), Prabhu Ram said. An emailed query sent to Apple did not elicit any reply. Ram said China's export restrictions present near-term headwinds to India's electronics manufacturing ambitions, particularly in critical materials and components. India must intensify its efforts to reduce upstream dependencies and accelerate the build-out of a resilient, end-to-end supply chain. Industry players remain confused if the 25 per cent duty announced by Trump will be imposed in addition to the existing 10 per cent baseline tariff. The 10 per cent tariff, which currently applies to most Indian goods barring a few, was announced by Trump on all countries on April 2. Electronics components bodies Elcina, Secretary General, Rajoo Goel, is of the view that the US will impose 15 per cent additional tariff over 10 per cent. 'A 15 per cent increase in import duty will definitely impact our exports of electronics, a major share of which is finished mobiles. But there are several electronic assemblies for telecom, auto, consumer equipment and some components which will be adversely impacted," Elcina Secretary General Rajoo Goel said. He said China's hostile steps can impact the supply side and increase costs as production will be impacted, at least in the short term till alternatives are developed. 'Increase in tariffs by the US will affect exports, shrinking demand. Both these steps could result in slowing growth," Goel said. IESA and SEMI India President Ashok Chandak said, 'India does not have any major advantage compared to other Asian countries anymore if the 25 per cent tariff above baseline 10 per cent is continued. However, it also underlines the urgency for India's electronics sector to diversify export markets, deepen domestic markets, develop brands and products, and move up the value chain to reduce dependency on price-sensitive, tariff-exposed exports." As India does not make semiconductors, it won't be affected in the short term, he said, adding that India needs to come out of the shadow of China to be competitive. PTI PRS TRB (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 30, 2025, 22:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
