Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Apple's India iPhone exports to US may not face Trump's tariffs
Mint Bangalore
|August 08, 2025
The US will extend tariff exemptions to companies that commit to manufacturing in America, President Donald Trump said during a White House function with Apple chief executive Tim Cook on Wednesday, a decision that could bring major reprieve for India.
Cook announced Apple will invest an additional $100 billion in US sourcing and manufacturing, bringing the company's total commitment to $600 billion and qualifying it among firms that Trump said "will have no charge."
"We're going to be putting a very large tariff on chips and semiconductors, but the good news for companies like Apple is, if you're building in the United States, or have committed to build, without question, committed to build in the United States, there will be no charge," Trump told reporters.
This story is from the August 08, 2025 edition of Mint Bangalore.
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 Bangalore
Mint Bangalore
Images of a city in perpetual motion
An ongoing exhibition of Raghubir Singh's photographs from the 1970s-90s captures the changing nature of life in Mumbai
4 mins
April 30, 2026
Mint Bangalore
Federal Bank goes slow on home loans
Federal Bank is dialling back its focus on housing loans due to intense market competition and unattractive yields, managing director and CEO K.V.S. Manian said, adding that the bank will instead prioritize lending in higher-yielding segments to drive more profitable growth.
1 min
April 30, 2026
Mint Bangalore
Banks prop up profits for India Inc, mask pressure in consumer, IT
Further, a 50% spike in crude oil prices in March drove raw material and service costs higher, leading to a 13% year-on-year and 20% sequential surge in overall expenses, limiting the benefit from the absence of the previous quarter’s one-off labour code adjustments.
2 mins
April 30, 2026
Mint Bangalore
Options data hint at limited upside after sharp recovery
After recovering nearly 7.5% between the March and April derivatives series amid the Iran war, options traders on Wednesday baked in a 758-point range for Nifty over 24,200, per exchange data.
2 mins
April 30, 2026
Mint Bangalore
State paternalism has limits that should not be blurred
In 1604, James I of England anonymously published a small book titled A Counter-blaste to Tobacco.
3 mins
April 30, 2026
Mint Bangalore
NCLT's resolution gaps: SC takes suo motu cognizance
India’s top court flagged risks to creditors and the effectiveness of the bankruptcy framework
2 mins
April 30, 2026
Mint Bangalore
Banks shine in Q4; early birds struggle
As the fourth quarter numbers of fiscal year 2026 (FY26) begin to trickle in, early trends point to headline profit resilience, largely driven by financials, particularly banks.
1 min
April 30, 2026
Mint Bangalore
Murdoch-backed institute plans IPO
Allen Career Institute, an Indian education services company backed by James Murdoch and ex-Disney executive Uday Shankar, is considering an initial public offering (IPO) in Mumbai, people familiar with the matter said.
1 min
April 30, 2026
Mint Bangalore
Street ignores Maruti’s profit dip
Maruti Suzuki India’s stock rose 3% to ₹13,257 on Wednesday as investors prioritised the company’s strong operating performance in the March quarter (Q4FY26) over a 7% year-on-year drop in net profit to ₹3,591 crore.
2 mins
April 30, 2026
Mint Bangalore
Centre plans ring roads, elevated corridors to unclog urban India
The Union road transport and highways ministry is recalibrating its highbuilding strategy to focus on decongesting urban India, with plans to prioritize ring roads and bypass corridors around nearly 50 cities with populations exceeding one million, two people aware of the development said.
2 mins
April 30, 2026
Listen
Translate
Change font size