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livemint.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
India better placed on electronics than China, Vietnam after Trump move: Industry
As per India Cellular and Electronics Association (ICEA), India has emerged favourably placed in the first round of reciprocal tariff announcements, especially compared to key electronics export competitors like China, Vietnam, Thailand, and Indonesia following the extraordinary and relentless efforts by our negotiators and leaders.
Read More:Trump's 26% tariffs put pressure on India. Is New Delhi ready for the impact?
While some countries like Brazil and Egypt enjoy marginally better tariff outcomes, India’s positioning, particularly with China and Vietnam facing combined tariffs of up to 54%-79% (China) and Vietnam at 46% offers a valuable near-term window of export competitiveness.
“However, the true long-term inflection point for India's electronics trade with the US will rest on the successful conclusion of a bilateral trade agreement (BTA),” ICEA Chairman Pankaj Mohindroo said.
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He added the BTA must now become the cornerstone of the country’s trade strategy, unlocking stable market access, tariff predictability, and a framework for scaling high-value electronics exports.
“As we await possible retaliatory moves from other major economies, our deepest focus must remain on converting this strategic opening into sustained export growth and supply chain integration,” he said.
The industry was hoping for a favourable outcome, primarily due to intense ongoing bilateral negotiations. The industry has already told the government to have zero duties on US electronic imports as they are basically
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