The ongoing trade war between the United States and China has taken the world by a storm. And, the consequences of their never ending dispute are felt by companies on both sides. Big names like Apple, Google, Nvidia, Qualcomm, etc. are affected by the tariffs brought on by the Trump administration, concerning goods made in China.
In a previous article we talked about Trump’s opinions about the trade war, which he addressed on Twitter.
“Our Country has lost, stupidly, Trillions of Dollars with China over many years. They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, & they want to continue. I won’t let that happen! We don’t need China and, frankly, would be far better off without them!”
Here’s how this would be beneficial for India. For companies, including Apple, manufacturing products in India started to gather momentum. It has been reported that Apple is considering to manufacture its products in countries like India and Vietnam.
In times like these, it is good for big companies to have an alternative up their sleeve, in case the trade war becomes even more brutal. It is expected for laptops, smartphones and other goods imported from China to become more expensive, after the September 1st tariffs kick in.
For now, the iPhone is being excluded from the list, as the Trump Administration delayed tariffs on certain products until December 15th.
But looking at how the U.S. President is ordering companies to look for alternatives, this could prove to be India’s chance to shine, taking the role of Apple’s savior in this thrilling trade war.