New Delhi, April 8 -- India's tech hardware sector is poised to gain a competitive edge as the United States imposes significant tariffs on electronics imports fr0m key countries.
According to a recent report by leading capital markets and investment group CLSA, the resulting shift in global supply chains could particularly benefit India's smartphone manufacturing segment.
The US has implemented tariffs ranging fr0m 25 per cent to 54 per cent on electronics imports fr0m China, Mexico, and Vietnam, which collectively account for 51 per cent of US electronics imports.
Smartphones represent a substantial USD 51 billion worth of imports for the US, with China, Vietnam, and India serving as key source countries, CLSA noted.
Several promine...
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