Apple has great plans for India – But Trump’s tariffs can change it

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Customers, in the first day of the opening clock, in turn, India, India, September 22, 2023, India, India, September 22, 2023 on September 22, 2023 on the iPhone 15 smartphone sale day.

Dhiraj Singh | Bloomberg | Getty pictures

This report is from CNBC’s “India” newsletter, which is in a timely, deep news and market description to large enterprises behind the advanced powerful news and meteoric rise. You can subscribe here.

The great story

General consensus, US President Donald Trump and Indian Prime Minister Narendra Modi, held a successful meeting in Washington last month. What was wrong – and why did the apple be caught in the middle?

To speed up everyone – trade talks, Trump’s reciprocal tariffs in India seem to be fragmented between the two countries before entry into force.

Trump criticized India at a high level among the highest tariffs in Asia. Analysis analysis from Barclays show that an average of 11.5% of India’s tariffs on all imported tariffs. Another major concern for Washington is the expansion of the United States.

Last week, Indian Trade Minister Piyush Goyal went to Washington, the most concessions, including India’s Bible, Construction and India’s reciprocal tariffs. However, the Trump’s trade team does not seem naked according to new Delhi sources. These alarm calls are growing.

According to the Bank of Analitst Smorns, the technology industry stops to lose – especially produces about 15% of the iPhones in the Bank in India.

Last smartphones entering India are currently face 16% -20% Tariff, according to Barclays, tariffs are sold in Indian phones in Indian phones.

“Recently, the Indian exports of the selected smartphones must face similar tariffs in the United States

Garre believes that the value of tariffs will compare in India compared to the iPhones produced in India compared to the devices produced in other countries.

Rejuvenating India’s production sector

Bank of American analysts also believe that the proposed tariffs of India will probably increase the prices of iPhones.

This is important. Apple has been a poster of the revival of many of the fact that many of the many work done as a work research for how many of the country could win in the country. Goyal, the US semiconductor prepares to expand its companies to expand the Indian, Apple’s success referred.

NVIDIA is currently working with the research industry in India’s AI research AMD and Micron promised to expand in India. Apple CEO Tim Cook, which has a strong connection with Modi, went to the country In 2023 to open four retail stores.

India played an important role in diversify the supply chain and depends less than China. In addition to iPhones, it began to produce iPad and AirPods in the developing market, including the iPad and AirPods.

“45% of Apple’s total revenue are set in China, but they want to go down to 30%,” he said. However, experts said that higher tariffs can protest the expansion of Apple and reduce the return of the company’s return to India.

“My guess will be able to negotiate Apple to the new Delhi and send a message to the new Delhi to motivate to push for equal tariff structure,” he said.

CNBC reached Apple for comments and did not hear back.

Moorhead learns the supply chain of Apple and thinks this is the ability to produce some kind of producing between India, China and Vietnam’s Asian production places.

The only country that is more insulated from tariffs at this time, in terms of low trade imbalance between the United States and Vietnam, Moorhead informed CNBC.

To minimize the effects of tariffs

There are other options.

When looking at potential strategies, technology companies can use Chinese tariffs to limit the impact of analysts, an alternative is to give an alternative to the 3rd party country to the end of the finished goods in the finished goods near finished goods. “

The same thing can apply to India.

If the trade war chooses the speed, technology companies may be encouraged to ensure that three or four four or four additional countries are needed. Of course it’s a big job. Shop in a new country can take three to five years. As the supply chain share with CNBC, it takes time to build a new factory, establish a new factory with local suppliers and hire the correct talent while receiving the required formality of local authorities.

However, as an increasingly economic choice, using multinational multinational multinational multinational multinational in Apple, it can be distracted than the number of production traces. China must be changed to China + 3 in + 1.

This can mean that Apple has produced fewer phones in India than before it was previously calculated.

The convenience of the supply chain can be the key to the tariff storm for apples, albeit expensive. The thing that belongs to India’s ambitions to go for companies who want to move away from China are completely different.

You should know

Inflation in India falls more than expected in February. Country The consumer price index was 3.61% On the annual basis, the country’s statistics and the implementation of the program told Wednesday. Economists surveyed by Reuters have expected to be read 3.98% for the period. This is the first time in the background of inflation since last summer since 4% of India’s goal is the lowest monthly printing since July 2024.

Benefits of the list in the National Exchange of India. Entrepreneurs or beginners should hold a list of India’s National Exchange and list, Bourse’s CEO Ashish Kumar Chauhan, CNBC Be alive Event in Singapore on Wednesday. India said, “Many brains, many enterprises and very little capital are required,” he said and drew attention to ite Indian market had the largest number of lists in the world in 2024.

Indusind calls on the bank to calm down after accounting inconsistency. The creditor informed Indian exchanges on March 10 that this was discovered during the internal inspection of the positions of the teaching supply. As a result of the pause, the bank will receive 2.5% of the net value. But Indusind convinced investors, still a good initial letterOn Wednesday, after the explosion on Tuesday, the shares caused a retreat.

What happened in the markets?

Indian shares continued their earnings this week.

11.15 AM, evaluating local time on March 13 Oily 50 The index rose 0.21%, the broader Senses index was 0.15% higher.

The assessment decreased by a 10-year Indian government bond to 6.708%.

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This week, on CNBC TV, the founder of Marcellus investment heads Pramod Gubbi thinks that the Indian government’s final union’s budget says “It’s not enough meaning to make needle” over Indian consumption resources. Partly because he lived “good consumption increase in three-year strong consumption”, bank loans are the reason for bank loans and consumers that cause consumers to consumers. So, Consumers save more to pay for this debt and pulling the costs back.

Meanwhile, Maersk North American President Charles Van Der Steene says CNBC’s LORI ANN LAROCCO “Tariffs will not break the supply chain.” Trade barriers can affect a aspect of the global supply chain, and other countries will step into this violation. India will, especially Protect the importance within the global supply chain Because companies, which are the power of the southern Asia, the power of production, provide companies with production power as they move away from China due to Term tariffs.

What happens next week?

India broadcasts data on the wholesale price index on Monday and will hope that market viewers will cool more than the month as the consumer price index. Meanwhile, the US federal reserve completed his session on Wednesday, and interest rates are expected during this period.

March 14: India Trade Balance for February, the University of Michigan, USA, Consumer Infection Research for March, England for January

March 17: Indian wholesale price index for February, China Industrial Production and Retail Sales in January-February, Retail Sales for February of the United States

March 19: US interest rate decision, Euro region consumer price index for February

March 20: The main rate of the Chinese and five-year loan is the decision of the British interest rate

 
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