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Indian Express
17 minutes ago
- Indian Express
As Apple pledges $100 bn additional investment in US, likely impact on India
Apple has announced a fresh commitment to invest $100 billion in the United States, with a particular focus on deepening its manufacturing base in the country. Earlier this year, Apple said it would spend $500 billion in US investments in the next four years, which would include a factory in Texas for artificial intelligence servers, and add about 20,000 research and development jobs across the country in that time. The fresh pledge takes Apple's total committed investments in the US to $600 billion over the next four years. What is new about the fresh $100 billion commitment is that Apple is also pledging to relocate some of its manufacturing to the US, through what it's calling the American Manufacturing Programme (AMP). India has become a major base for Apple's final assembly operations, and one of the key markets from where it exports iPhones to the United States — the country exports nearly 1 in 3 iPhones to the US. If Apple chooses to go deeper on manufacturing in the US, New Delhi could feel some of its effects. The concern is compounded by some of US President Donald Trump's earlier statements targeting Apple's production in India and elsewhere. These events come as Trump has imposed a 50 per cent tariff on imports from India, citing the country's economic ties with Russia. Apple said it was working with its suppliers to accelerate manufacturing in the US through the new American Manufacturing Programme (AMP). The first AMP partners include Corning, Coherent, GlobalWafers America, Applied Materials, Texas Instruments, Samsung, GlobalFoundries, Amkor, and Broadcom. 'The American Manufacturing Program will help fund a major expansion of Apple's long-standing partnership with Corning, bringing the world's largest and most advanced smartphone glass production line to a factory in Harrodsburg, Kentucky. The expansion means that soon, every iPhone and Apple Watch sold around the world will be built with Kentucky-made cover glass. The two companies will also open a new Apple-Corning Innovation Center in Kentucky,' Apple said in a statement. In July, Apple had committed to buying American-made rare earth magnets from MP Materials. These magnets will become part of Apple devices shipped around the world. The two companies will also establish a cutting-edge rare earth recycling line in California. Apple supports more than 450,000 jobs with thousands of suppliers and partners across all 50 US states — including significant expansions in Arizona, California, Iowa, Kentucky, Nevada, New York, North Carolina, Oregon, Texas, and Utah. Likely impact on India Apple's manufacturing push in the US seems to focus on creating a more high-end supplier base in the country. Its current production operations in India are centred largely around assembly of the final product, with a majority of the components coming from places like China and Taiwan. However, India has plans of deepening its supply base, and looking to attract more suppliers to the country. That could possibly be impacted by Apple's move in the short term. The Indian Express had earlier reported that India's share in US smartphone imports surged to nearly 36 per cent in the first five months of 2025, from about 11 per cent in 2024. China, which continues to dominate the product category, saw its share drop from 82 per cent to 49 per cent over the same period. While smartphones are India's top export to the US by value, Trump has threatened a 25 per cent tariff on Indian-made Apple iPhones, which account for the bulk of mobile phone exports to the country. Days after he announced reciprocal tariffs on a number of countries in April, the US administration had exempted phones, computers and other electronic products, even as the threat of a renewed tariff threat on these items looms large. Soumyarendra Barik is Special Correspondent with The Indian Express and reports on the intersection of technology, policy and society. With over five years of newsroom experience, he has reported on issues of gig workers' rights, privacy, India's prevalent digital divide and a range of other policy interventions that impact big tech companies. He once also tailed a food delivery worker for over 12 hours to quantify the amount of money they make, and the pain they go through while doing so. In his free time, he likes to nerd about watches, Formula 1 and football. ... Read More
Time of India
20 minutes ago
- Time of India
Donald Trump's 2025 tariff timeline: India, China, EU among 69 countries facing heat over oil, tech and power moves
Since returning to office, US President Donald Trump has reignited aggressive trade actions through a series of escalating tariff announcements. His latest move, a 25% tariff on Indian goods due to their links with Russian oil is the most recent in a line of decisions that have rattled markets and international relations. Here's a full breakdown of Trump's tariff rollout since January 20, mapped through key dates and agreements. Initial tariff wave targets Mexico, Canada, and China Trump began his tariff actions on February 1, applying 25% duties on most imports from Mexico and Canada, and a 10% rate on Chinese goods. He cited drug control and immigration issues as the rationale. Two days later, a temporary 30-day pause on tariffs was granted to Mexico and Canada in exchange for commitments on border enforcement. China did not receive a similar arrangement. On February 10, Trump increased steel and aluminum tariffs to 25%. In early March, he confirmed 25% duties on goods from Mexico and Canada starting March 4, while doubling fentanyl-related tariffs on Chinese imports to 20%. A brief exemption for Canadian and Mexican goods under a North American pact followed on March 6. Later that month, he introduced a 25% tariff on imported vehicles and light trucks. Blanket tariffs, temporary truces, and bilateral deals On April 2, Trump imposed a 10% base tariff on all imports globally, while raising duties for selected countries. Seven days later, most country-specific tariffs were paused for 90 days, though the blanket duty remained. Trump proposed a hike on Chinese imports from 104% to 125%, potentially pushing duties to 145%. In May, a limited deal with UK Prime Minister Keir Starmer preserved 10% duties on British goods while reducing auto tariffs. A truce with China on May 12 cut US duties on Chinese goods to 30%, while China reduced tariffs on US imports from 125% to 10%. #WATCH | Delhi: On US President Donald Trump's imposition of an additional 25% tariff on India's purchase of Russian oil, Congress MP Shashi Tharoor says, "It will definitely have an impact because we have a trade of $90 billion with them, and if everything becomes 50% more… Trump warned Apple on May 23 of a 25% tariff if production remained offshore. On May 29, a federal appeals court reinstated broader tariff powers after an earlier court ruling had suspended them. Global tariff expansion and India in focus On June 3, steel and aluminum tariffs were raised to 50%. By July 3, a 20% tariff was introduced on Vietnamese exports, with 40% levied on trans-shipped goods. On July 6, Trump posted on Truth Social that Brics-aligned countries would face an extra 10% tariff. July 7 brought letters to 14 nations including Japan and South Korea warning of tariffs between 25% and 40% starting August 1. Additional tariffs were then announced: 35% on Canadian goods (July 10), 19% on Indonesian products (July 15), and 15% on Japanese auto imports (July 22). Trade deals followed with the EU (15% tariff, July 27) and South Korea (reduced tariffs to 15%, July 30). On the same day, Trump imposed a 25% tariff on Indian goods and 50% on most Brazilian imports, while giving softer terms to some sectors. A 50% duty on copper wiring and pipes was also scheduled for August 1. Donald Trump's 'substantial tariff' plan for India! #TrumpTariffs By July 31, he signed an executive order imposing tariffs ranging from 10% to 41% on 69 trading partners. A separate order raised fentanyl-linked tariffs on Canadian goods from 25% to 35%. Mexico received a 90-day reprieve from a 30% tariff to allow trade negotiations. On August 6, Trump finalized a 25% tariff on Indian goods, citing indirect imports of Russian oil as the reason.
Time of India
20 minutes ago
- Time of India
Top News: PM Modi Hits Back on Tariffs, Therapy Dogs at Hyderabad Airport, SC Rejects Plea & More
'If India Doesn't Matter to the US, They Shouldn't Matter to Us': Tharoor Retaliates Against Tariff Congress MP Shashi Tharoor has taken a hard line against Trump's recent 50% tariffs on Indian goods over oil trade with Russia. In a fierce political address, he argued that India should retaliate with reciprocal tariffs on US exports, matching the 50% levy if bilateral negotiations fail. Tharoor highlighted the imbalance: while India's average tariff on U.S. goods is around 17%, Trump is imposing punitive duties targeting India alone, despite China's greater oil imports from Russia. Describing the U.S. move as a double standard, Tharoor insisted India must defend its national sovereignty, protect farmers and exporters, and demand respect. "They don't value our relationship, then why should we?" he asserted. #shashitharoor #trumptariff #reciprocaltariffs #indiasovereignty #economicbullying #tradehypocrisy #farmersfirst #indiaeconomy #indiausrelations #diplomaticdefiance #breakingnews #trending #trendingnow #toi #bharat #toibharat #indianews 6.1K views | 1 hour ago
