India, April 14 -- The ongoing trade tussle between the US and the rest of the world increasingly looks like a war between the US and China, though other countries are equally impacted. However, with major tech manufacturers like Apple offshoring their production to China, the country has found itself in the driver's seat.

"In the days since Trump's tariff announcement, Apple lost over USD 640 billion in market value,"CNBC reported. The cost of an iPhone under Trump's tariff plan could have ballooned to as high as USD 3,500 under some estimates, according to the report.

The impact of Trump's tariffs was felt far and wide, with questions raised about whether they were truly necessary. Former US President Biden handed the US economy to Tr...