Officials say the possibility of differential tariffs may eventually have differential impact, but insist contingency planning will begin only once the exact tariffs are known.

Tesla's official entry into India highlights the significant price difference for its Model Y, costing Rs 60 lakh compared to Rs 37.5 lakh in the US and Rs 29.9 lakh in China. The steep cost in India is primarily due to a 100% import duty aimed at protecting the local auto industry and encouraging domestic manufacturing.

“If you are buying energy from Russia and not helping Ukraine, your goods will face a 500% tariff coming into the United States,” Senator Graham said in an interview. He described the legislation as a “breakthrough” in exerting global pressure on Moscow and noted that Trump had encouraged lawmakers to move forward with the bill.

Given the current trade environment and tariff uncertainties between the United States and China, the commencement of the iPhone 17 series trial in India is not a big surprise.

The deal includes a tariff structure where Indian goods entering the United States will face an average tariff of 11.5%, while U.S. goods entering India will face a 7% tariff.

Apple's Indian manufacturers boost iPhone production and exports, with a 53% increase in H1 2025 despite tariff uncertainties.

India has rejected Australia's push for deeper tariff cuts on dairy and alcohol, hampering efforts to conclude the second phase of a trade pact by year-end, two Indian government sources said.

US Senators Graham and Blumenthal are pushing for sanctions against countries like India, China, and Brazil for trading with Russia, potentially imposing tariffs up to 500%. This follows Trump's announcement of possible 100% secondary tariffs on Russia if the Ukraine war doesn't end in 50 days.