US President Donald Trump has announced a tariff on all countries around the world. China’s name was already included in this list, on which the Trump administration has increased the tariff. On the other hand, Donald Trump has also announced to put a tariff on India and Vietnam. The new tariffs are to be implemented from April 9.
A large number of Apple products are imported from India, China and Vietnam in the US market. In such a situation, the question is arising whether the prices of iPhone and other Apple products in America will increase after this decision of Trump administration.
Will iPhones be expensive?
Apple mostly iphones Manufactures in China. However, the company started increasing the distance from China in the last term of Donald Trump. The effect of this was that the company now manufactures some percent of iPhones in India, but Trump has announced to impose heavy tariffs on both countries. Where China already had 20 percent tariff. Donald Trump has asked to impose 34 percent additional tariffs on China.
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In such a situation, the question is arising whether Apple’s products will become expensive in the US market. Trump’s tariff announcement was also seen in the US market, where Apple’s shares broke more than 5 percent. However, the company has not given any information when the iPhone and other Apple products are expensive.
It is believed that its picture will be clear when the tariff is implemented. Apple can take any concrete steps to get exemption from this tariff. If Apple fails to do so, it will directly affect the prices of products. If the company does not increase the prices of products, its margin will be low and if the price increases, it will have a direct impact on consumers.
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How much tariff did America impose?
US President Donald Trump has imposed 46 percent tariff on Vietnam. Apple manufactures most of its accessories here. At the same time, 27 percent tariffs have been announced in India, where the company manufactures both iPhone and accessories. At the same time, Apple still makes his phones in China in large numbers.
The US has already imposed a 20 percent tariff on China. Now it has announced to put 34 percent more tariffs. New tariffs are to be implemented on 9 April, after which there will be a tariff at 54 percent on things imported from China. Now we have to see how Apple deals this situation.