New Delhi3 minutes ago
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Many Chinese electronic component manufacturers are offering up to 5% discounts to Indian companies amid growing trade war with the US.
Indian electronics manufacturers can pass some part of this discount to the consumer to encourage demand.
With this step, many electronics items like TV, fridge, smartphones in India can be cheaper. ET has published a report about this.
Chinese manufacturers worry about decrease in demand
Experts believe that trade war will make the goods coming from China expensive in the US, this may reduce demand.
The concern of demand lack is increasing pressure on Chinese component manufacturers. In such a situation, these manufacturers are giving discounts to Indian companies to increase demand.
Tariff Timeline: America vs China
- 2 April, 2025: The US imposed a total of 54%(20%+34%) tariff on China. China used to impose 67% tariffs on America.
- 4 April, 2025: China imposed 34% tariff on the US in retaliation. The total tariff (67%+34%) increased to 101%.
- 8 April, 2025: Donald Trump said- China will impose 50% additional tariffs if China does not withdraw 34% tariff.
- 9 April, 2025: China refused to withdraw the tariff and increased the total tariff to 104%(54%+50%).
- 9 April, 2025: In response to the US tariff, China also imposed 50% tariff. The total tariff increased to 151%(101%+50%).
- 9 appropriate, 2025: The US imposed an additional 21% tariff on Chinese imports. The total tariff on China increased to 125%.
