APPLE TARIFF RELIEF
Tech under pressure on AI jitters, dollar slips: Markets wrap
South Korea’s Kospi Index — a bellwether for AI investments — dropped 3.5%, with chip heavyweight SK Hynix Inc. heading for its lowest close since April. MSCI Inc.’s Asia Pacific Index fell 1%, diverging from Monday’s tech-led gains on Wall Street.
US stocks today: US stocks edge higher as oil eases ahead of Fed rate decision
US stocks traded mixed as investors awaited the Federal Reserve's interest rate decision. Easing oil prices offered some relief after a two-day decline in energy markets. The S&P 500 and Nasdaq moved higher, while the Dow slipped slightly. Traders see a nearly 93% chance of a rate increase from the Federal Reserve. Elevated Treasury yields and persistent inflation continue to pressure equity markets.
Xi Jinping to bring large CEO delegation on US visit, sources say
President Xi Jinping plans a large business delegation for his upcoming Washington visit. This unusual move signals China's willingness to support investment and commercial ties. Chinese companies have faced increasing scrutiny and U.S. restrictions on their operations. Expectations for the summit remain modest with limited prospects for major breakthroughs. Both nations are discussing reciprocal tariff reductions and non-tariff barriers.
Electronics makers enter standby mode
Electronics companies are rethinking expansion plans due to new US tariffs. These tariffs impact India's pricing advantage over China. Some companies are exploring alternative markets. Key items like smartphones are currently exempt. However, other electronics face higher duties. Dixon Technologies is adopting a wait-and-see approach. Industry associations are concerned about the overall impact.
Donald Trump threatens Apple and other smartphone makers with 25% tariff unless they build devices in US
US President Donald Trump on Friday threatened Apple and other smartphone manufacturers with a 25 percent tariff unless their devices are built in the United States. In a post on Truth Social, Trump wrote that he had "long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else."
What Donald Trump’s India iPhone tirade means for Apple shareholders
Donald Trump criticized Apple for shifting iPhone production to India, urging it to build in the US instead. Despite political pushback, Apple’s India plans remain intact, with rising exports and investor confidence. Experts say US production is economically unviable, reinforcing Apple’s diversification strategy amid ongoing US-India trade negotiations.
- Go To Page 1
Trump says he spoke with Apple CEO Tim Cook after US-China agree to slash tariffs amid trade war
President Donald Trump said he spoken to Apple CEO Tim Cook on Monday following the truce deal with China on tariffs. The US and China have announced a halt in fiery tariff imposition and marked a mutual deal to bring down import duty in both countries, which could be a big relief for Apple.
Apple shares fall 5% as buyback cuts, tariff fears fan investor jitters
Apple shares fell 5% on Friday after the company trimmed its stock buyback program and CEO Tim Cook flagged a $900 million tariff-related hit to costs this quarter amid a raging Sino-U.S. trade war.
Confusion reigns after Trump exempts electronics from new tariff regime. Here's what we know
The Trump administration's handling of tariffs on electronics has created confusion, initially pausing taxes on imported electronics, offering a temporary reprieve. However, sector-specific tariffs targeting electronics are anticipated, raising concerns about increased consumer costs.
Foxconn, Tata Electronics reach nearly $2 billion iPhone export milestone from India in March to avoid Trump tariffs
In March 2025, Apple rushed nearly $2 billion worth of iPhones from India to the United States to beat President Donald Trump’s looming global tariffs. Foxconn led the charge, exporting a record $1.3 billion worth of devices, while Tata shipped over $600 million. Customs data reveals the unprecedented airlift was a strategic bid to shield Apple from steep import duties.
US stock market prediction today: Market futures rise – Dow Jones, S&P 500, and Nasdaq set to surge as Trump exempts tech devices from tariffs – Apple, Nvidia lead gains; major banks report mixed Q1 results
US stock market prediction today shows positive momentum as futures rise across major indices, with Dow Jones, S&P 500, and Nasdaq set for a boost. Tech stocks, led by Apple and Nvidia, are poised for significant gains after President Donald Trump announced exemptions for smartphones, computers, and key devices from tariffs. However, some uncertainty lingers as Trump clarified these exemptions may not be permanent. Meanwhile, major US banks reported mixed Q1 results, contributing to a volatile market environment. With gold hitting new highs, the market remains uncertain, but optimism is high for a strong start to the week.
Apple shares up 3% after it takes top spot for first-quarter smartphone sales
Apple took the top spot for global smartphone sales in the first quarter on the back of the iPhone 16e's launch and strong demand in countries such as Japan and India, data from Counterpoint Research showed on Monday.
Global tech shares gain as US exempts smartphones, computer parts from tariffs
Global technology stocks rose on Monday after the U.S. exempted electronics such as smartphones and computer hardware from its steep reciprocal tariffs on China, offering some relief to a sector battered by supply-chain uncertainty.
ETtech Explainer: Trump targets semiconductors as tariff relief for tech firms nears end
Just days earlier, the Trump administration had granted tariff exemptions for smartphones, laptops, memory chips, hard drives, and semiconductor manufacturing tools. These items were temporarily spared from the 125% reciprocal tariffs on Chinese goods and the broader 10% global levy.
Trump says new chip tariffs coming over the next week, signals flexibility on iPhones
President Trump declared his intention to introduce new tariffs on semiconductors within the upcoming week, signaling a continued effort to leverage levies for resolving US trade concerns. While addressing potential tariffs on iPhones, Trump indicated an upcoming announcement, highlighting the necessity for flexibility. He also suggested that certain companies might receive flexibility regarding semiconductor tariffs, with further details expected soon.
China and Hong Kong shares rally after tariff relief
China and Hong Kong stocks surged on Monday following the U.S. decision to grant tariff exclusions on certain electronics, boosting tech shares. The CSI300 Index and Shanghai Composite Index saw gains, while Hong Kong's Hang Seng climbed significantly. Apple suppliers, including Foxconn and Goertek, experienced a rally.
Apple was on brink of crisis before tariff concession from Trump
Apple dodged a major crisis as US president Trump exempted popular consumer electronics like iPhones and Macs from tariffs, a significant relief after fears of cost inflation. The company had considered shifting iPhone production to India to avoid tariffs, but the exemption allows Apple to maintain its China-reliant manufacturing for now.
India's iPhone, smartphone exports to US have 20% tariff edge over China after exemption: Industry
Apple's iPhone ecosystem in India has become the largest job creator in India and is one of the top exported items from the country. According to ICEA, mobile phone exports from India have crossed an all-time high of Rs 2 lakh crore in 2024-25, registering a 55 per cent growth over the Rs 1.29 lakh crore recorded in 2023-24.
Smartphones and computers get reprieve from new US tariffs on China
The exemptions are not a full reprieve. Other tariffs will still apply to electronics and smartphones. The Trump administration had applied a tariff of 20% on Chinese goods earlier this year for what the administration said was the country's role in the fentanyl trade. And the administration could still end up increasing tariffs for semiconductors, a vital component of smartphones and other electronics.
Trump says he will provide more information on semiconductor tariffs on Monday
President Trump announced he would provide an update on semiconductor tariffs. The Trump administration granted tariff exemptions for smartphones, computers, and other electronics imports, many sourced from China, shielding them from steep tariffs. The exemptions, retroactive to April 5, cover computers, laptops, semiconductor devices, memory chips, and flat panel displays, offering relief to major U.S. tech companies.
Is it an olive branch and will Xi Jinping call up Donald Trump as U.S exempts smartphones, computers and chips from new tariffs?
Donald Trump's action also excludes the specified electronics from his 10 per cent "baseline" tariffs on goods from most countries other than China, easing import costs for semiconductors from Taiwan and Apple iPhones produced in India.
Boost for Apple and Nvidia as Trump exempts smartphones, computers, and electronic items from tariffs; will stocks rise following the move?
Apple and Nvidia get tariff relief as President Donald Trump exempts smartphones, computers, and key electronics from steep China tariffs, offering a major boost to tech giants and consumers alike. With tariffs on Chinese goods now at 145%, this exemption helps companies like Apple and Nvidia avoid higher import costs and prevents price hikes on popular devices like iPhones and laptops. The move comes after Apple’s stock plunged 23% following Trump’s April 2 announcement. Now, with this shift in policy, markets may stabilize and consumers could be spared the financial hit.
US exempts smartphones, computers from global Trump tariffs
The Trump administration exempted key tech products from harsh tariffs, easing pressure on U.S. firms like Apple and Nvidia amid an escalating trade war with China. The move partially offsets retaliatory Chinese tariffs, but economic tensions remain high, with markets rattled and fears of a global recession growing.
Will Apple raise the price of iPhones to $2,300 after being hit by Donald Trump’s tariffs?
The latest tariffs by US President Donald Trump will force Apple to either shoulder the added costs or transfer them to consumers, leading to substantial price increases.
Trump's new tariffs test Apple's global supply chain
With Trump’s return, Apple faces new tariffs: 46% on Vietnam, 26% on India, and a rise from 20% to 34% on China imports. This threatens Apple’s global supply chain, hitting profits hard. The company’s diversification efforts may backfire as costs rise and production shifts face new challenges.
Apple’s ‘Make in India’ gains under threat from potential Trump reciprocal tariffs
Apple could face significant hurdles if the Trump administration imposes reciprocal tariffs on electronics and smartphone imports from India, potentially disrupting its manufacturing investments in the country. An increase in tariffs could also affect other smartphone manufacturers and auto component exporters, challenging their business dynamics with the US.
Donald Trump asks Apple to manufacture in US to avoid tax
US President Donald Trump on Friday ruled out a tariff waiver for Apple products made in China.
Load More
