US reciprocal tariffs may hit exports of India-made iPhones, auto parts
Sunday, 23 February 2025 () Apple and auto component makers face potentially significant losses if the Trump administration imposes reciprocal tariffs on electronics and smartphones imported from India. This move could disrupt Apple's manufacturing investments, which currently benefit from zero import duties in the US, and impact the competitive edge of India's electronics and auto components exports.
In a major escalation of his trade policy, President Donald Trump has announced that the United States will impose a sweeping 25% tariff on all steel and aluminum imports, with additional metal duties..
Sunday, 23 February 2025 ()
![Trump Declares 25% Tariffs on All Steel & Aluminum Imports – Major Trade War Escalation Looms [Video]](https://video.newsserve.net/300/v/20250210/1401269194-Trump-Declares-25-Tariffs-on-All-Steel.jpg)
