India Seeks Lower Duties Before US Trade Pact; Incoming CEO Restricts AI Role
AAPL•India’s Commerce Minister said New Delhi will not implement the US-India trade pact until its import duties are lower than rival exporters', delaying tariff relief for Apple products in India. Apple’s incoming CEO said AI tools must serve existing products, signaling a cautious approach to AI integration.
1. India Seeks Lower Tariffs Before Agreement
Commerce Minister Piyush Goyal stated that India will only implement the US-India trade pact once its import duties are set below those of competing exporters, creating uncertainty around the timing of reduced tariffs for Apple devices in the Indian market.
2. Incoming CEO Emphasizes AI Restraint
Apple’s designated CEO announced that artificial intelligence tools must support existing products rather than drive development, indicating a measured stance on integrating AI features into upcoming iPhones and services.
