The Trump administration is enforcing a new 25% tariff on all imports from India, which brings the total levies to 50%, currently making for the highest tariff rate on any country. The latest executive order will go into effect on August 27, with the reasoning behind the new levies based on India’s imports of Russian oil.
The move would be a major setback for Apple as Cupertino has been transitioning its iPhone manufacturing to India over the past years with plans to assemble all of its US iPhones in the country. The timing is specifically bad as Apple is expected to begin shipping its…
Source: GSMArena.com – Latest articles
