Industry leaders and experts on Sunday welcomed the Donald Trump administration’s decision to exempt smartphones
Industry leaders and experts on Sunday welcomed the Donald Trump administration’s decision to exempt smartphones, computers and other electronics imported to the country from reciprocal tariffs — a move which has given India a definitive edge over China.
According to a US Customs and Border Protection notice, the smartphones and computers would be excluded from US President Donald Trump‘s 10 percent global tariff on most countries, and the much larger Chinese tariffs of 145 percent.
“Now, there will be no extraordinary disruption This is the time to boost capacities and long-term trend against China will remain robust. However, the incredible shock of the last few weeks is a tectonic event and the realignments are bound to happen,” said Pankaj Mohindroo, Chairman, India Cellular and Electronics Association (ICEA).
