U.S. President Donald Trump announced the imposition of "reciprocal tariffs" on 185 trading partners. Under the impact of this policy, a large number of technology companies have been hit, including Apple Inc. Worried that the tariffs will lead to higher iPhone prices, Apple urgently mobilized five cargo planes at the end of March to ship a batch of inventory from India back to the U.S. before the global tariffs were formally announced, in order to avoid the new tariffs.
The Times of India, citing sources familiar with the matter, said that Apple was rushing to ship inventory from its manufacturing plants in China and India to the U.S. in order to cushion the impact of the tariff hike. According to Indian government sources, Apple used five cargo planes in just three days to ship iPhones and other products from India to the U.S. at the end of March.
The report pointed out that Apple is accelerating the pace of India, China and other major production base products to the U.S., in order to cope with the upcoming tariff increase. The move is designed to ensure that U.S. warehouses will be well stocked in the coming months, thus helping Apple to maintain iPhone price stability.
Some foreign media analysts have pointed out that Apple will be one of the companies most affected by the "reciprocal tariff" policy. If Apple chooses to pass on the increased costs to consumers, then the price of the iPhone Pro Max may rise by more than 30% to 40% in the future.
Trump announced his "reciprocal tariffs" policy on April 2, which includes a global benchmark rate of 10 percent effective April 5 and specific reciprocal tariffs for different countries starting April 9, with India facing a 26 percent rate.
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