Overview

• President Donald Trump’s 25% tariff on Indian goods goes into effect August 1 under a reciprocal-tariff policy aimed at national security.
• Laptops, smartphones and servers assembled in India remain duty-free until the US Department of Commerce completes its Section 232 investigation.
• India accounted for 44% of US smartphone imports in the June quarter, emerging as the top supplier ahead of China and Vietnam.
• Apple sources roughly 20% of its global iPhone output from India and may have to absorb any eventual tariff increases due to limited alternate production capacity.
• A review meeting set for early August will determine whether the tariff exemption for key electronics will be lifted or maintained.