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Chinese smartphone exports to US plunge to lowest since 2011

Economic Times

Economic Times · 3m ago

Chinese smartphone exports to US plunge to lowest since 2011

Chinese smartphone exports to the US fell to their lowest since 2011, driven by US tariffs on imports. Smartphone exports dropped 72% in April, highlighting disruptions in tech supply chains and fears of a global trade war. The US-China trade tensions were exacerbated by sanctions and talks over high-value exports. Meanwhile, Apple's production in India has increased, underscoring a shift in manufacturing locations as production in the US remains unfeasible.

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China flexes chokehold on rare-earth magnets as exports plunge in May

Livemint

Livemint · 2m ago

China flexes chokehold on rare-earth magnets as exports plunge in May

In May, China's exports of rare-earth magnets fell by 74% from the previous year due to imposed controls, emphasizing its dominance in this crucial industry. Rare-earth magnets are essential for electric vehicles and jet fighters, and the decline marks the biggest percentage drop since records began in 2012. This move amid U.S.-China trade tensions highlights the strategic importance of rare-earth materials, as China's export levels hit their lowest since February 2020.

Donald Trump tariffs marginally favourable for Indian smartphone exports: Crisil

Economic Times

Economic Times · 4m ago

Donald Trump tariffs marginally favourable for Indian smartphone exports: Crisil

US tariffs, particularly those initiated by President Donald Trump, may slightly benefit India's smartphone exports. While U.S. tariffs on Chinese imports stand at 245%, Indian exports face a lower tariff of 26%. This could make Indian-made smartphones more competitive, despite being priced higher than Chinese ones. However, such tariffs may increase U.S. inflation and push global manufacturers to seek markets with lower tariffs, potentially impacting India's export boost in the longer term.

US tariffs may cost India’s electronics sector up to $30 billion

Economic Times

Economic Times · 14d ago

US tariffs may cost India’s electronics sector up to $30 billion

India's electronics industry could lose up to $30 billion in business due to US tariffs, potentially impacting semiconductors. Despite exemptions for Apple and Samsung, other electronics exports remain vulnerable. Smartphone exports are expected to increase reliance, with India currently exporting $38.6 billion in electronics, $14.6 billion of which goes to the US. The tariffs could double, affecting the non-smartphone segment heavily, while US tariff exemptions mainly cover smartphones and telecom equipment.

Apple exports 97.6% of iPhones to US from India amid tariffs: Report

Economic Times

Economic Times · 3m ago

Apple exports 97.6% of iPhones to US from India amid tariffs: Report

Apple increased its iPhone exports from India to the US due to impending tariffs on Chinese imports. In March 2025, 97.6% of iPhones exported to the US were from India, as Apple shifted production from China to India. S&P Global reported a 219% rise in exports, driven by tariff concerns. Despite reliance on Chinese components, Apple plans to centralize US-bound iPhone production in India by 2026, leveraging local incentive schemes and expanding manufacturing facilities.

Nvidia CEO to hold media briefing in Beijing on July 16 - The Economic Times

Economic Times

Economic Times · 1m ago

Nvidia CEO to hold media briefing in Beijing on July 16 - The Economic Times

Nvidia CEO Jensen Huang will visit Beijing on July 16 for a media briefing, marking his second trip to China since April. Amid US restrictions on Nvidia's chip exports due to military concerns, Huang's visit is significant, given that China accounted for $17 billion in revenue for Nvidia last fiscal year. Despite competition from Huawei, Chinese firms still demand Nvidia chips. US senators advised Huang to avoid meetings with certain entities while in China.

US-China trade war sends India’s electronics imports soaring 27.5% in May, raises dumping risks

Business Today

Business Today · 2m ago

US-China trade war sends India’s electronics imports soaring 27.5% in May, raises dumping risks

India's electronics imports surged by 27.5% in May, highlighting increased dumping risks amid the US-China trade war. Meanwhile, India's exports to the US grew significantly by 17.3% to $8.8 billion, with the rise largely driven by stronger smartphone exports. The escalating trade tensions have created shifts in global supply chains, offering India both challenges in managing imports and opportunities in increasing its export share to the US market.

India's iPhone, smartphone exports to US have 20% tariff edge over China after exemption: Industry

Economic Times

Economic Times · 4m ago

India's iPhone, smartphone exports to US have 20% tariff edge over China after exemption: Industry

India's smartphone and electronic exports to the US, including iPhones, will be 20% cheaper than those from China, thanks to US tariff exemptions. This shift, driven by the Trump administration's policy amendments, offers a significant cost advantage for Indian exports. The move provides timely relief to the global tech industry, potentially making India a preferred manufacturing hub. With India’s mobile exports surging, the country stands to benefit from further scaling operations in global electronics value chains.

Chinese tech giant Huawei posts 34.3% rise in first-half sales

Economic Times

Economic Times · 11m ago

Chinese tech giant Huawei posts 34.3% rise in first-half sales

Chinese tech giant Huawei reported a 34.3% increase in sales in the first half of the year despite US sanctions. The company, which has faced allegations of surveillance on behalf of Chinese authorities, has been cut off from global technology supply chains since 2019. Huawei's profit margin reached 13.2% during this period, down from 15% the previous year. Despite challenges in the smartphone market, Huawei remains a leading equipment manufacturer in the 5G industry and has diversified into sectors such as software, enterprise computing, and electric vehicles.

Trump and Nvidia CEO discuss DeepSeek, AI chip exports during meeting, source says

Economic Times

Economic Times · 6m ago

Trump and Nvidia CEO discuss DeepSeek, AI chip exports during meeting, source says

During a meeting at the White House, US President Donald Trump and Nvidia CEO Jensen Huang discussed the Chinese company DeepSeek and the regulation of AI chip exports. Amid concerns about China's advancements in AI, the discussion focused on strengthening US leadership in technology. As DeepSeek's AI model gained popularity, it impacted the US tech market. Additionally, the Trump administration is considering further restricting Nvidia's AI chip exports to China to maintain advanced computing power within the US and its allies.

Xiaomi surpasses Apple in global smartphone sales for August 2024

Livemint

Livemint · 11m ago

Xiaomi surpasses Apple in global smartphone sales for August 2024

Chinese smartphone manufacturer Xiaomi has surpassed Apple in global smartphone sales for August 2024, marking the first time Xiaomi has held the second spot since August 2021. Counterpoint Research's Smartphone 360 Monthly Tracker highlighted Xiaomi as one of the fastest-growing smartphone brands this year, driven by successful promotions in Latin America. Xiaomi's focus on simplifying its product lineup and its expansion into new territories have contributed to its recent success. Meanwhile, Apple saw a decline in sales, which resulted in its fall to third place.

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