Pharma, smartphones, energy exports to US escape Trump’s new 50 percent tariff hike

Overall, Indian exports to the US totalled USD 86.51 billion in FY25. The new tariff measures announced by the US President are expected to come into effect in the next 21 days. So far, they do not cover the key sectors that have been driving India’s recent export growth to the US.

Most new iPhones sold in the US are assembled in India, says Apple CEO Tim Cook, despite Trump bluster

Talking about the strong Q3 results in Cupertino, California, the Apple CEO said that India was now the main source of new iPhones produced for the US market, while iPhones made in China were destined more for non-US regions.

Trump tariff war: Political motives overwhelm commercial acuity

While many of these new US tariff rates are reciprocal — the United States is raising export barriers for countries that slap a high tariff on US imports into their own territories — many of them are political, with US President Donald Trump using tariffs to settle scores where his political intervention has not made much headway.

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