Try GOLD - Free
Apple Plans to Source More iPhones From India as Tariff Fix
Mint Kolkata
|April 09, 2025
Apple plans to send more iPhones to the U.S. from India to offset the high cost of China tariffs, people familiar with the matter said.
The adjustments are a short-term stopgap while Apple attempts to win an exemption from President Trump's tariffs which Chief Executive Tim Cook obtained during the first Trump administration.
The company sees the current situation as too uncertain to upend long-term investments in its supply chain, which is centered around China, the people said.
Trump's new tariff package raises levies on Chinese goods to at least 54% while imposing a 26% rate on Indian goods. On Monday, Trump threatened to add to China tariffs if the country doesn't remove the retaliatory duties they announced after U.S. tariff plans were revealed on April 2.
iPhone is Apple's signature product and makes up about 50% of its revenue. The company's heavy reliance on China for manufacturing has spooked investors concerned about its exposure to tariffs, leading to a 19% decline in its shares, their worst three-day performance in nearly 25 years.
This story is from the April 09, 2025 edition of Mint Kolkata.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Kolkata
Mint Kolkata
The dollar is far from dead and the yuan is not staging a coup
Greenback doomsayers got it wrong. The dollar's reign is not over
3 mins
October 10, 2025
Mint Kolkata
Sebi's Ananth Narayan steps down
Narayan headed market regulation and the department dealing with foreign investors.
1 min
October 10, 2025
Mint Kolkata
Corporate governance needs to go well beyond mere compliance
Shareholders now demand more than mere regulatory compliance to monitor the governance of companies they partly own
3 mins
October 10, 2025
Mint Kolkata
Intel unveils new tech in turnaround push
Intel Corp., the embattled chipmaker now backed by the US government, introduced new products and manufacturing technology that are central to its turnaround bid.
1 min
October 10, 2025
Mint Kolkata
Shipbuilding stocks are likely to stay anchored
India's shipbuilding stocks are trading well above their 200-day moving average, a sign of rising investor confidence.
3 mins
October 10, 2025
Mint Kolkata
Silver ETFs fired up by scarcity, festivals
Silver exchange traded funds or ETFs opened Thursday with a record 10-12% premium to spot prices, underscoring a scramble for the metal as festive buying, industrial use, and investor FOMO (fear of missing out) drove up demand against tight supplies.
1 min
October 10, 2025
Mint Kolkata
Go First files plea against Air Works
Bankrupt airline Go First has filed a fresh plea before the National Company Law Tribunal (NCLT), Delhi, seeking the release and disclosure of several aircraft components, primarily small tyres and wheels, that it claims are being withheld by maintenance, repair and overhaul (MRO) firm Air Works India (Engineering) Pvt. Ltd, a subsidiary of the Adani Group.
1 min
October 10, 2025
Mint Kolkata
Nestlé looks beyond Maggi, bets on India petcare boom
Nestlé SA sees India as a potential top-three global petcare market after the US and China
2 mins
October 10, 2025
Mint Kolkata
Tax residency depends on your travel pattern and primary base
I am a salaried individual employed by an Indian company that allows me to work remotely. I get paid in India. My spouse lives abroad, so I frequently travel outside the country. Over the last two years, I have spent at least three months each year in India.
2 mins
October 10, 2025
Mint Kolkata
It is time to strengthen India-Afghanistan ties
An Afghan minister's visit right after New Delhi joined hands with other countries to rebuff America's eyeing of Bagram offers us a chance to re-imagine the regional balance of power
2 mins
October 10, 2025
Listen
Translate
Change font size