The Indian government’s actions on import tariffs are faster than once.

On October 11, the Indian government announced that it will charge higher tariffs on new batches of imported products. It will be officially implemented on the 12th. The tax-increasing products are mainly electronic products and communication equipment. Mobile phones, speakers and smart watches are all in Tax increase ranks. This is India’s second tariff action in two weeks. The Indian government is trying to reduce the devaluation of the rupee and reduce the trade deficit by increasing import barriers and restricting imports that it considers “non-essential” goods.

India’s tariff policy may exacerbate its trade rivalry with the United States, China and other countries, and harm the interests of network equipment manufacturers such as Cisco Systems, Huawei, ZTE, Ericsson, Nokia and Samsung Electronics. .

It is unclear how much the tariff increase for each specific product is, but the Indian government has listed several products that may be affected, including smart watches, Voice over Internet Protocol equipment and mobile phones, Ethernet switches. Wait.

Neil Shah, a technology research firm in Counterpoint, said the Indian government's tariff plan could also have an impact on Indian telecom operators such as Reliance Jio Infocomm, Bharti Airtel and Idea.

Earlier, India also announced tariff increases on 19 “non-essential imports”, including air conditioners, refrigerators, footwear, speakers, luggage and aviation turbine fuel. Once again, the tariff move demonstrated the determination of Prime Minister Modi of India to promote “Made in India”. Given that India's tax-increasing products are the main products of China's exports to India, Chinese sellers need to pay special attention.
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