India increases tariffs on electronic imports

The tariff increase, the second such move from India to a two-week space, was announced late Thursday by New Delhi as it attempts to increase import barriers to restrict the import of goods they consider to be "non-essential items" .

India increases tariffs on electronic imports

India said on Thursday it will increase import tariffs for some electronic items and communications equipment, in what is considered another measure to curb imports and strengthen the falling currency.

The latest group of items affected by tariff increases may increase trade tensions with the United States and China and hurt network device makers such as Cisco Systems Inc., Huawei Technologies Co., ZTE Corp, Ericsson, Nokia and Samsung Electronics.

This move is part of a plan to halt a further decline of Rup (INR), which has weakened more than 14 percent against the US dollar this year after being hit by a leak in emerging markets and other factors internal.

Last Mod: 12 Ekim 2018, 10:02
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