Tariff wise: TV-fridges and smartphones might be cheaper; Chinese manufacturers give 5% discount to Indian companies
New Delhi| Electronic items like TV, fridge and smartphone may become cheaper in the coming days. However, it depends on the decision of the companies. In fact, amid the growing trade war between the US and China due to tariffs, many Chinese manufacturers of electronic components are offering up to 5 percent discount to Indian companies.
According to sources, due to this discount, Indian electronics manufacturers may consider giving some benefits to the customers to increase the demand. Due to this, many electronics items like TV, fridge, smartphone can become cheaper. Experts believe that the trade war will make goods coming to America from China expensive. Due to this, there is a possibility of a huge decline in demand. To increase demand, Chinese manufacturers are giving discounts to Indian companies.
India imports the most electrical and electronic equipment from China. This includes smartphones, laptops, televisions and electronic components. India imported electrical and electronic equipment worth $30.63 billion in 2022. America’s imposition of a 125 percent tariff on China means that the $100 goods made there will now go to America and become $225. Due to expensive Chinese products in America, its sales will reduce.
