00:00You're going to put tariffs on you that were so high, I don't give a damn, your head's going to spin.
00:05Remember the sweeping 50% tariffs that United States President Donald Trump put on India?
00:09They come into effect as of today, Wednesday, 27th August, 2025.
00:13Goods like garments, jewelry, gems, footwear, sporting goods, furniture and chemicals are expected to take a hit due to these.
00:19Tariffs on India are among the highest that Trump has put on any country in the world, at par with nations like China and Brazil.
00:25Exemptions include steel, aluminium and derivatives products, passenger vehicles, copper and pharmaceuticals.
00:31One important question that was on everyone's mind was what would happen to Apple's plans to expand in India?
00:37Apple will continue on the same trajectory as smartphones and electronics are also exempt from these tariffs.
00:42And the tech giant has already committed $2.5 billion to boost its iPhone production capacity in India from 40 to 60 million units.
00:49However, if the tariffs persist, India's plan to become an alternative manufacturing hub to China may face difficulties.
00:55An official from India's Commerce Ministry spoke on the condition of anonymity with news agency Reuters and said that the government will provide financial assistance to exporters hit by the tariffs
01:04and will encourage them to diversify their exports to markets like China, Latin America and the Middle East.
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