Monday, 2 Jun 2025
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Subscribe
Brinks Report
  • Featured
  • Money Matters
  • Business
  • IPL
  • Technology
  • Automobile
  • Entertainment
  • Sports
  • More
    • People
    • World
    • Health and Wellness
    • Horoscope
  • Today’s News
  • 🔥
  • World
  • Business
  • Economy
  • Technology
  • Automobile
  • IPL
  • People
  • Sports
  • IPL 2025
  • Entertainment
Font ResizerAa
Brinks ReportBrinks Report
Search
  • Featured
  • Money Matters
  • Business
  • IPL
  • Technology
  • Automobile
  • Entertainment
  • Sports
  • More
    • People
    • World
    • Health and Wellness
    • Horoscope
  • Today’s News
Have an existing account? Sign In
Follow US
© 2024-2025 Brinks Report. All content, including text, images, and other media, is copyrighted.
Brinks Report > Blog > Business > No Phones, No Problem: India May Slash Tariffs on US, EU Smartphones via FTAs
Business

No Phones, No Problem: India May Slash Tariffs on US, EU Smartphones via FTAs

Dolon Mondal
Last updated: May 22, 2025 4:27 pm
Dolon Mondal
Share
Tariffs
SHARE
Trulli

India is planning tariff concessions on smartphone imports from the US and EU, aiming to protect its domestic sector from sudden trade moves by Donald Trump and settle a major WTO dispute with Europe.

According to a senior official, India is open to reducing or even eliminating import duties only for countries that don’t produce smartphones, like the US and EU. Why? Because they don’t compete with Indian manufacturers.

Trulli

What Does This Mean for You?

Cheaper smartphones, fewer surprises in trade relations, and stronger diplomatic footing for India.

If you’re an Indian consumer, this means more access to high-end US phones at lower prices. For the tech industry, it reduces uncertainty—especially with Trump possibly returning to power and known for his unpredictable tariff threats.

Drama in the Details

Currently, smartphones from the US face 16.5% basic customs duty (plus surcharge), while EU phones face up to 20%. But here’s the kicker—India barely imports phones from either. So dropping tariffs won’t hurt Indian manufacturing. It may actually help it.

“We won’t open up to Vietnam—they manufacture. But we may for the US or EU, since they don’t,” said the official, bluntly.

Also Read Global Bond Rout: Why India Is Holding Strong While Others Wobble

The Bigger Game

This isn’t just about smartphones. It’s about long-term economic chess. The EU took India to the WTO in 2019 over high duties on ICT products. India lost that round in 2023. Now, instead of dragging it out, India’s offering tariff cuts as a peace offering—smart diplomacy through commerce.

Meanwhile, the US has paused country-specific tariffs on electronics until July. India wants to wrap up a mini deal with Washington by July 8, just in case the winds shift with the US election season.

Industry Push: Let’s Make It Zero

The Indian Cellular and Electronics Association (ICEA)—which includes big names like Apple, Foxconn, and Dixon—has asked the Commerce Ministry to scrap tariffs entirely on US imports. Their goal: unlock $50 billion in smartphone exports and $80 billion in total electronics to the US. That aligns neatly with India’s $500 billion electronics production target.

And in 2024-25, India’s smartphone exports jumped 55% to $24.14 billion, with the US as its top buyer.

So What’s Really Happening?

This isn’t about giving in—it’s about shaping the battlefield. India’s keeping production safe from real competition (like Vietnam), scoring points at the WTO, and buying insurance against another round of Trump tariffs.

In short, India’s not playing defense. It’s setting the rules.

Also Read Liu Guiping Has Been Appointed as New Chairman of Bank of China, Sources Say…

Image Slider
Image 1 Image 2 Image 3
TAGGED:India tradesmartphone importstariff
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
What do you think?
Love0
Sad0
Happy0
Joy0
Sleepy0
Angry0
Surprise0
Previous Article Sensex Market Update: Sensex and Nifty Close Lower Amid Mixed Stock Movements
Next Article Aprilia rs 457 Aprilia RS 457 Reliability Issues Explained: What the Brand Just Said
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Brink’s Report delivers fresh, unbiased, and engaging content across politics, business, tech, entertainment, and more. From breaking news to deep dives, we keep you informed—and intrigued—with accurate reporting and diverse perspectives. Explore the world, one story at a time.
FacebookLike
XFollow
RSS FeedFollow
Ad image

You Might Also Like

Jubilant bhartia
Business

Why Jubilant Bhartia’s ₹56.5B Debt Raise Could Change India’s Beverage Game

By
Dolon Mondal
Waaree energies
Business

Why Waaree Energies Stock Jumped 2.04% Today: Key Drivers Explained

By
Dolon Mondal
Copy of image 43
Business

Market Panic or Buying Opportunity? Nifty’s Shocking 4% Drop Explained

By
Dolon Mondal
Nippon steel
Business

Trump’s Game-Changer: Nippon Steel Set to Revive US Steel Industry with $14.1B Deal

By
Dolon Mondal
Ad image

About US


Brink’s Report delivers fresh, unbiased, and engaging content across politics, business, tech, entertainment, and more. From breaking news to deep dives, we keep you informed—and intrigued—with accurate reporting and diverse perspectives. Explore the world, one story at a time.

Top Categories
  • World
  • Business
  • Economy
  • Technology
Usefull Links
  • Contact Us
  • About Us
  • Privacy Policy
  • DMCA

© 2024-2025 Brinks Report. All content, including text, images, and other media, is copyrighted.