India's Annual iPhone Output Could Be Worth Up To $30B If Trump Tariffs Come Into Play: Report

Annual production of iPhones in India could be set to witness a significant surge, doubling to a whopping $30 billion if policies proposed by the Trump administration come into effect and result in a shift in global supply chains.

What Happened: India’s iPhone production will increase if newly elected U.S. President Donald Trump carries out his threats of increased tariffs for Chinese products, reported the Economic Times.

Currently, India produces $15 billion-16 billion worth of iPhones annually. Trump campaigned to put 60% to 100% tariffs on Chinese imported goods.

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In his first presidential term, Trump had levied 25% tariffs on Chinese products. Experts expect Apple to shift more production to India from China if Trump carries out his tariffs on Chinese products. The new capacity will reportedly create 200,000 jobs and increase Indian contribution to iPhone production to 26% in the next years from 12%-14% currently.

Recently, Apple reportedly launched its first research and development centre in India to expand its presence in one of the world's fastest-growing markets. The company is also looking to launch four new retail stores in India.

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