
Apple and Samsung React to US Tariff on India
Smartphone giants like Apple and Samsung, which assemble some devices in India, are not overly worried about the 26% tariff imposed by the US on imports from India. Ongoing discussions between these companies and the Indian government are crucial, as the situation is fluid and constantly evolving. While this tariff could create cost challenges, it might also benefit India by putting pressure on competing nations. Countries like Brazil and the UAE have lower tariffs, which could lure investments away from India. If Apple faces higher costs, it might reduce production or raise prices for consumers, putting its market position at risk.