According to S&P Global Market Intelligence, 81.9% of iPhones exported from India between December 2024 and February 2025 were shipped to the U.S. In March 2025, that figure surged to 97.6% following a 219% jump in exports—likely a result of Apple expediting shipments ahead of expected U.S. tariffs.
Meanwhile, Apple sold 75.9 million iPhones in the U.S. in 2024. In March alone, exports from India amounted to approximately 3.1 million units.
Trump further claimed that India has agreed to eliminate tariffs on US goods exported to the country.
“They ( India) has offered us a deal where basically they have agreed to charge us literally no tariffs. I said TIM, we are treating you really good, we put up with all the plants you built in #China for years. We are not interested in you building in India. India can take care of themselves,” said the US President.
India is currently in trade negotiations with the US. The Bilateral Trade Agreement (BTA) is in advanced stage of negotiations. Commerce Minister Piyush Goyal is slated to visit the US on 17 May for the trade talks.
“India–US trade deal may be on the cards, with Trump saying India has agreed to cut tariffs on most goods. As Trump always blamed India’s high tariffs for the trade deficit, India could offer to make 90% of US exports tariff-free from day one, using a “zero-for-zero” approach—cutting tariffs on all goods except autos and agriculture. But the deal must ensure strict reciprocity, with both sides eliminating tariffs equally,” Ajay Srivastava, founder GTRI, said.
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