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Even if the United States were to impose a 25% tariff on iPhones manufactured in India, the total production cost would still be much lower if compared with manufacturing the devices in the U.S, according to a report by Global Trade Research Initiative (GTRI).
This comes amid a statement by US president Donald Trump, threatening to impose 25% tariffs on iPhones if Apple decides to make it in India. However, the GTRI report showed that manufacturing in India remains cost-effective, despite such duties.
The report breaks down the current value chain of a…
