Foxconn sends 97 per cent of India iPhone exports to US amid tariff push
The data showed that 97 per cent of Foxconn’s iPhone exports during this period went to the US, significantly higher than the 2024 average of 50.3 per cent.
Apple iPhones are seen inside India's first Apple retail store in Mumbai, India, April 17, 2023.
NEARLY all iPhones exported by Foxconn from India between March and May were shipped to the United States, according to customs data reviewed by Reuters.
The data showed that 97 per cent of Foxconn’s iPhone exports during this period went to the US, significantly higher than the 2024 average of 50.3 per cent.
This marks a shift in Apple’s export strategy from India, which earlier supplied iPhones to several destinations including the Netherlands, the Czech Republic and Britain. Now, India-made devices are being directed almost exclusively to the US market.
Between March and May, Foxconn exported iPhones worth 3.2 billion US dollars (around 2.35 billion pounds) from India, with most shipments heading to the United States. In May 2025 alone, shipments were valued at nearly 1 billion dollars (around 735 million pounds), the second-highest monthly figure after the record 1.3 billion dollars (around 955 million pounds) in March.
Apple declined to comment, and Foxconn did not respond to a Reuters request for a statement.
Tariff pressure
US president Donald Trump on Wednesday said China would face 55 per cent tariffs under a plan agreed in principle by both countries, subject to final approval. India, like many US trading partners, faces a baseline 10 per cent tariff and is negotiating to avoid a 26 per cent “reciprocal” levy that Trump announced and then paused in April.
In May, Trump criticised Apple’s increased production in India. “We are not interested in you building in India, India can take care of themselves, they are doing very well, we want you to build here,” he said, recalling a conversation with Apple CEO Tim Cook.
In the first five months of 2025, Foxconn exported iPhones worth 4.4 billion dollars (around 3.23 billion pounds) to the US from India. This already exceeds the 3.7 billion dollars (around 2.72 billion pounds) shipped in the whole of 2024.
Export push
Apple has been accelerating its iPhone shipments from India to reduce dependence on China amid rising tariffs. In March, the company chartered aircraft to move iPhone 13, 14, 16 and 16e models worth roughly 2 billion dollars (around 1.47 billion pounds) to the US.
Apple has also urged Indian airport authorities to reduce customs clearance time at Chennai airport, a key hub for iPhone exports in Tamil Nadu, from 30 hours to six hours, Reuters has reported.
“We expect made-in-India iPhones to account for 25 per cent to 30 per cent of global iPhone shipments in 2025, as compared to 18 per cent in 2024,” said Prachir Singh, senior analyst at Counterpoint Research.
Tata’s role
Tata Electronics, another Apple iPhone supplier in India, shipped nearly 86 per cent of its iPhones to the US during March and April, the customs data showed. Data for May was not available.
The Tata Group company began exporting iPhones in July 2024. During 2024, 52 per cent of its shipments went to the US, according to the data. Tata declined to comment.
Indian prime minister Narendra Modi has promoted India as a smartphone manufacturing hub. However, high import duties on mobile phone components continue to make domestic production more expensive than in many other countries.
Apple has historically sold over 60 million iPhones annually in the US, with approximately 80 per cent made in China.
Trump’s administration has been working on trade deals ahead of an August 1 deadline, when duties on most US imports are scheduled to rise again. (Photo: Getty Images)
THE US is very close to finalising a trade agreement with India, while a deal with the European Union is also possible, president Donald Trump said in an interview aired on Real America's Voice on Wednesday. However, he said it was too soon to tell if an agreement could be reached with Canada.
Trump’s administration has been working on trade deals ahead of an August 1 deadline, when duties on most US imports are scheduled to rise again. The push is part of efforts to secure what Trump considers better trade terms and reduce the large US trade deficit.
"We're very close to India, and ... we could possibly make a deal with (the) EU," Trump said when asked about upcoming trade agreements.
Trump’s comments came as EU trade chief Maros Sefcovic travelled to Washington on Wednesday for discussions on tariffs. An Indian trade delegation also arrived in Washington on Monday for fresh negotiations.
"(The) European Union has been brutal, and now they're being very nice. They want to make a deal, and it'll be a lot different than the deal that we've had for years," Trump said.
On Canada, which has said it is preparing countermeasures if talks do not lead to an agreement, Trump said: "Too soon to say."
His remarks echoed the view of Canadian prime minister Mark Carney, who said earlier on Wednesday that a deal that works for Canadian workers was not yet on the table.
Trump also said he would probably impose a blanket 10 per cent or 15 per cent tariff on smaller countries.
By clicking the 'Subscribe’, you agree to receive our newsletter, marketing communications and industry
partners/sponsors sharing promotional product information via email and print communication from Garavi Gujarat
Publications Ltd and subsidiaries. You have the right to withdraw your consent at any time by clicking the
unsubscribe link in our emails. We will use your email address to personalize our communications and send you
relevant offers. Your data will be stored up to 30 days after unsubscribing.
Contact us at data@amg.biz to see how we manage and store your data.
The Canary Wharf business district including global financial institutions in London.
BRITAIN's unemployment rate rose slightly to 4.7 per cent in the three months to the end of May, according to official data released on Thursday. This marks the highest level since June 2021, as businesses faced the impact of a UK tax increase and new US tariffs.
The figure is up from 4.6 per cent recorded in the February to April period, the Office for National Statistics (ONS) said in a statement.
The data covers the initial period following the Labour government’s first budget last October, which included a rise in business tax. It also includes the start of a 10 per cent baseline tariff imposed by US president Donald Trump in April on goods from the UK and other countries.
The ONS also reported a slowdown in average wage growth, which has reinforced expectations that the Bank of England may lower its key interest rate next month.
This comes despite separate official figures on Wednesday showing that inflation in the UK rose to an 18-month high in June.
“Slowing activity in the labour market, coupled with pay pressures easing, will likely prompt the Bank of England to lower interest rates next month,” said Yael Selfin, chief economist at KPMG UK.
“With domestic activity remaining sluggish, the... (BoE) will likely want to provide support via looser policy to prevent a more significant deterioration in the labour market,” Selfin added.
Earlier data showed that the UK economy contracted unexpectedly for a second consecutive month in May, increasing pressure on prime minister Keir Starmer and his government.
Keep ReadingShow less
FILE PHOTO: Passengers gather in front of the ticket counter of Air India airlines in Delhi, India, June 13, 2025. REUTERS/Bhawika Chhabra.
AIR INDIA said on Tuesday (15) it would partially restore its international flight schedule that was scaled back following the crash involving its flight last month that killed 260 people.
As part of the restoration, Air India will start a thrice-weekly service between Ahmedabad and London Heathrow from August 1 to September 30, replacing the currently operating five-times-a-week flights between Ahmedabad and London Gatwick.
A Boeing 787 Dreamliner bound for London from the Indian city of Ahmedabad began to lose thrust and crashed shortly after takeoff on June 12. All but one of the 242 people on board and 19 others on the ground were killed.
Air India reduced some of its international flights following the crash as part of a "safety pause" that the carrier said allowed it to perform additional precautionary checks on its Boeing 787 aircraft.
The partial service resumption will see some flights being restored from August 1, with full restoration planned from October 1, 2025, Air India said.
The airline has reinstated two weekly flights on the Delhi-London (Heathrow) route that were previously cancelled, with all 24 weekly flights on this route now operating from Wednesday (16) onwards.
The Bengaluru-London (Heathrow) service remains reduced from seven flights per week to six flights per week and will be further reduced to four flights per week from August 1. The Amritsar-Birmingham route continues to operate at a reduced frequency of twice weekly instead of three times weekly until August 31, after which normal three-times-weekly service will resume from September 1. The Delhi-Birmingham route remains reduced from three flights per week to two flights per week, a statement said.
Air India has also temporarily suspended the Amritsar-London (Gatwick) route, which normally operates three times weekly, and the Goa (Mopa)-London (Gatwick) route, also a three-times-weekly service. Both suspensions will continue until September 30.
As part of the partial resumption, it also reduced flights to some destinations in Europe and North America. These include reductions in the frequency of Delhi-to-Paris flights to seven times a week from 12, effective August 1.
Flights on the Delhi-Milan route have been reduced to three times a week from four earlier.
The frequency of flights from Mumbai and Delhi to New York JFK has been cut to six times a week from seven earlier, the airline said.
(with inputs from Reuters)
Keep ReadingShow less
The showroom, located in Mumbai, was inaugurated by Maharashtra state's chief minister Devendra Fadnavis and opened to select visitors on Tuesday. (Photo: X/@Dev_Fadnavis)
TESLA opened its first showroom in India on Tuesday, marking its entry into the country as the electric vehicle company looks for new customers amid declining sales in the United States and Europe.
The showroom, located in Mumbai, was inaugurated by Maharashtra state's chief minister Devendra Fadnavis and opened to select visitors on Tuesday. It will be open to the general public starting Wednesday.
Inaugurated Tesla’s first-ever Experience Centre in India at BKC, Mumbai, today.This is not just the inauguration of an Experience Centre ; it’s a powerful statement—Tesla is here, and it’s chosen the right city and the right state: Mumbai, Maharashtra!"… pic.twitter.com/4ilfAHCEoO — Devendra Fadnavis (@Dev_Fadnavis) July 15, 2025
Tesla is currently offering its Model Y vehicle in India and plans to begin deliveries of a more affordable variant later this quarter.
"This is the first launch of Tesla in India. It marks a huge milestone for Tesla globally," said Isabel Fan, the company's senior regional director. She added that charging stations will be set up soon in Mumbai and New Delhi.
Despite heavy rains, many onlookers gathered outside the Mumbai showroom to see the cars on display.
Tesla has expressed interest in entering the Indian market for several years but delayed its plans due to high import tariffs on electric vehicles.
Elon Musk had earlier described India as having "more promise than any large country" but has criticised its import duties, calling them among the "highest in the world".
The Indian government has said that it will consider lowering import taxes on electric vehicles if global automakers commit to significant investment and local manufacturing.
Tesla has not yet announced any plans to build a manufacturing plant in India.
According to local media reports, Tesla will initially sell cars imported from China.
As a result, the Model Y in India starts at around $70,000 on-road, as listed on the company's website, compared to the US price of $37,490 after a $7,500 federal tax credit.
Tesla's launch in India comes at a time when the company is facing slowing demand globally. The electric vehicle market, once led by Tesla, is now highly competitive, with rivals including BYD and other Chinese manufacturers.
India is the world’s third-largest car market, but Tesla is not expected to see large volumes in the near future due to the relatively early stage of the country’s electric vehicle sector and the high prices of its models.
Sales of electric vehicles in India reached about 100,000 in 2024, which is less than three per cent of total car sales.
Soumen Mandal, senior analyst at Counterpoint, said Tesla’s pricing puts it out of reach for most Indian buyers and places it in competition with luxury car brands.
"We don't expect Tesla to play the volume game right away given the price tag," Mandal told AFP.
"We project 500-700 units sold in initial months and then that to taper off to 200-300 (per month)."
India is currently in talks with the United States on a trade deal, which includes discussions on reducing tariffs on automobiles.
In February, Elon Musk held a one-on-one meeting with Indian Prime Minister Narendra Modi in Washington.
(With inputs from agencies)
Keep ReadingShow less
he Port Talbot EAF will produce up to 3 million tonnes of steel per year using UK-sourced scrap.
TATA STEEL UK has started construction of a new Electric Arc Furnace (EAF) at its Port Talbot site in South Wales. Tata Group chairman Natarajan Chandrasekaran marked the groundbreaking ceremony on July 14, joined by Tata Steel CEO and managing director TV Narendran and Tata Steel UK CEO Rajesh Nair.
The EAF project is part of Tata Steel UK’s £1.25 billion plan to transition to low-carbon steelmaking, backed by £500 million from the UK government. The furnace is expected to be commissioned by the end of 2027 and aims to reduce carbon emissions at Port Talbot by about 90 per cent, or 5 million tonnes of CO₂ annually. The project is expected to support 5,000 jobs.
“This is an important day for Tata Group, Tata Steel and for the UK,” said Mr Chandrasekaran. “Today’s groundbreaking marks not just the beginning of a new Electric Arc Furnace, but a new era for sustainable manufacturing in Britain. At Port Talbot, we are building the foundations of a cleaner, greener future, supporting jobs, driving innovation, and demonstrating our commitment to responsible industry leadership.”
Business secretary Jonathan Reynolds said: “This is our Industrial Strategy in action and is great news for Welsh steelmaking backing this crucial Welsh industry, which will give certainty to local communities and thousands of local jobs for years to come.”
Wales Secretary Jo Stevens said: “The UK Government acted decisively to ensure that steelmaking in Port Talbot will continue for generations to come, backing Tata Steel with £500 million to secure its future in the town.”
The Port Talbot EAF will produce up to 3 million tonnes of steel per year using UK-sourced scrap. Construction is being led by Sir Robert McAlpine, with support from regional contractors and technology providers including Tenova, ABB, and Clecim.