Smartphone exports unlikely to be derailed by tariff move

India is in a better position compared to its key competitors in the electronics export sector, particularly China, Vietnam, Thailand, and Indonesia, following the Trump administration’s tariff announcement, according to experts.

However, they advise the Indian government to continue negotiating with the US to lower tariffs and pursue a bilateral trade agreement. As per Donald Trump’s announcement on April 2, 2025, Vietnam, Thailand, Indonesia, and Malaysia face tariff rates of 46%, 36%, 32%, and 24%, respectively. In contrast, India’s reciprocal tariff rate stands at 27%.