US tariffs may cost India’s electronics sector up to $30 billion
India’s electronics industry faces a significant setback, with up to $20-30 billion in lost business opportunities in the coming years due to the heavy tariffs imposed by the US, and the likelihood of it being extended to semiconductors, said industry experts and company executives.
This is despite Apple and Samsung likely to get tariff-related exemptions, including 100% semiconductor tariffs, as both companies-who have manufacturing operations in India-have announced plans to make major investments in the US.
