The US thought that China would be shifted to the edge of high tariffs. But what was the result, China changed the way and made America sleep. The new billions of dollars of trade between China and India is now being a new record. The game was completely overturned amidst US tariff threats. According to the latest report by Bloomberg, India’s imports from China have reached $ 12.5 billion last month. The biggest figure in history and the biggest reason is Apple’s iPhone production. Now you must be wondering how the production of iPhone was shifting to India, how China is benefiting from this. So let us tell you that the phone’s asspp is happening in India, but chips and parts, machinery are still coming from China.
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Only in July 2025 sent India a $ 1 billion computer chips. Apart from this, billions of dollars of phones and electronic parts reached Indian factories. That is, Made in China’s temper is also behind the Made in India story of Apple. This record braking trade is taking place when the US has put high tariffs on China and India. The Trump administration thought that increase the tariff and the back of China-India would break. America will win. But China changed its strategy. Got down with India. India, Africa and South East Asia have caught a new market. A new customer has also been found in Europe.
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With limited access to the US, Chinese manufacturers have shown that they will not back down. Sajid Chinoy, the main Indian economist of JP Morgan, said in an interview to ET Now that a difficult time has come for emerging markets due to intense changes in global trade dynamics. He has warned that a mixture of growing American tariffs, excessive Chinese capacity and fast automation can give a new look to the development model of developing economies.
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With the limit to the US, Chinese manufacturers have shown that they will not back down. Chenoy said it is good to start with emerging markets as they will have to bear the real brunt of what is happening globally. We have been moving towards the highest tariff levels since the 1930s, and the effective US rate can grow to 17–18%.