India’s electronics sector is expected to see short-term benefits following the United States’ decision to impose a 10 per cent tariff on Chinese imports, according to a report by Moneycontrol. However, they emphasise the need for proactive policymaking and the establishment of comprehensive trade agreements with the US to sustain long-term growth.
The newly introduced levy, which is lower than the 25 per cent tariff imposed on Canadian and Mexican goods, now includes previously exempt product categories such as smartphones, laptops, and other electronic devices.
Boost for India’s export hub
The decision is expected to bolster global brands like Apple and Motorola, which utilise India as a key export base. Industry leaders highlight the importance of agile policy decisions to maximise this opportunity and reinforce India’s position in global trade. Read more
Source: Business Standard