It has been revealed that Apple flew five planes loaded with iPhones from India and China to the US in just three days to avoid Trump tariffs
It has been revealed that Apple flew five planes loaded with iPhones and other products in just the three days before President Donald Trump's 'reciprocal tariffs' went into effect.
How Apple 'flew' 5 flights full of iPhones from India and China in 3 days to beat Trump Tariffs - The Times of India
According to a senior Indian government official who was quoted by The Times of India as saying that in anticipation of the tariff hike, Apple was flying planes from India and China to the US to move as many Apple products, including iPhones, as possible to the US.
India is a major manufacturing base for Apple products, and is expected to produce around 15% of iPhones by 2025.
China is also home to major manufacturing bases such as Foxconn, and at one point half of Apple's products were made in China. However, as a result of being directly affected by the COVID-19 pandemic and the lockdown, the risk of concentrating production in one country became apparent, and production is gradually being diversified to other countries.
Apple plans to expand production bases outside China - GIGAZINE
The Times of India pointed out that the aim of this emergency shipment was to delay the impact of tariffs as much as possible by quickly transporting the finished products to the United States.
In addition, President Trump implemented
Sources said Apple has no plans to raise retail prices in India or other markets despite the tariffs.
According to The Wall Street Journal , Apple plans to increase imports from India because of the higher tariffs imposed on China, but the situation is too uncertain to be realistic for the company to withdraw its long-term investments in its China-centered supply chain, and it is not feasible to move its manufacturing base back to the United States, as the cost of paying the tariffs would far exceed that of the US.
India Market Information Media Dispatch reported, 'India is in a relatively favorable position compared to its Asian peers, but the challenges remain significant. The Indian economy often follows its own path and is less correlated with the United States than many other countries. This is mainly because of India's large domestic market, with domestic consumption accounting for about 60% of GDP. Historically, India's low reliance on exports has also worked to its advantage during global downturns, providing a buffer during the global financial crisis and the COVID-19 pandemic. But this time, India is facing recession fears as well as the direct impact of tariffs. There are already signs of pressure within India, with growth slowing at consumer staples companies and same-store sales declining at fast-food chains. In the payments sector, digital transactions are expanding rapidly while credit card spending growth is slowing, a sign that consumers are becoming more cautious. Still, there are mitigating factors. The U.S. government has exempted some of India's key exports from tariffs, including pharmaceuticals, which account for more than 10% of exports to the U.S., as well as certain chemicals and electronics. According to local media reports, Indian officials view the situation as complicated, but it's not necessarily a major setback.'
Continued
It turns out that Apple, Dell and Microsoft rushed their products to the US to avoid tariffs - GIGAZINE
Related Posts:
in Hardware, Posted by log1p_kr