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India's Electronics Sector at Least Risk from Trump's Tariff
Mint Mumbai
|February 26, 2025
The government has set an ambitious goal of achieving $500 billion in electronics exports by 2030
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iff response from the US could erode India's competitiveness, disrupt supply chain shifts, and deter future investments.
Queries sent on Monday to the spokespersons of the ministries of commerce, external affairs, US Embassy and Apple remained unanswered till press time.
Ajay Srivastava, a former commerce ministry official and founder of the Global Trade Research Initiative (GTRI), said, "Trump's reciprocal tax plan goes against the WTO's Most Favoured Nation (MFN) principle, which requires countries to apply the same tariff to all trading partners unless a free trade agreement (FTA) is in place.
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