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Both Samsung and Apple seem to have a plan to work around the tariff duties put forth by US President Donald Trump. Strangely enough, their plans seem to find a through India.
Just last week, the President announced levying new tariffs on rivals and allies alike, increasing existing tariffs on Chinese goods by 34 percent. This would also include the phones produced by Samsung and Apple.
In order to minimize the impact of the tariffs, both said that they would try to shift to a ‘make in India’ policy as Trump’s 26% tariff on exports from India is significantly lower than those of China and Vietnam and other Asian nations as reported by the Times of India on April 7.
The report also stated that “Apple, the world’s biggest seller of electronics, is trying to increase its production base in India so that it can export iPhones to the US and is planning on reducing shipments from China.”
This would increase the number of iPhones manufactured in India even further. Currently, Foxconn and the Tata group manufacture iPhones in India.
According to the newspaper, the smartphone manufacturer will move the supply to China to fulfill the other market's needs such as European, Latin American, and Asian markets.
The report indicated that Samsung, which has a factory in Noida, is also looking at the matter very seriously. Vietnam exports $55 billion worth of goods and will consider short-term fixes until the South Asian country reaches a treaty with the US.
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