Trump’s tariffs just hit Apple hard: Can India still become the next iPhone factory?

Trump’s tariffs just hit Apple hard: Can India still become the next iPhone factory?

India’s dream of becoming Apple’s next manufacturing powerhouse faces new hurdles after the US imposed a 26 per cent tariff on Indian electronics. While India is less affected than China or Vietnam, the rising costs threaten to derail Apple’s ‘Make in India’ expansion and push prices higher. Can India still stay in the global race for iPhone production?

Apple CEO Tim Cook gestures during the inauguration of India’s first Apple retail store in Mumbai, India, April 18, 2023. File Image/Reuters