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Chinese manufacturers give 5% discount to Indian companies on TVs, fridges and smartphones
Tariff war: The imposition of 125% tariff by the US on China means that a $100 product made there will now cost $225 when it reaches the US. Due to the Chinese products becoming more expensive in the US, their sales will decrease.
Electronic goods like TVs, fridges, and smartphones may become cheaper in the coming days. Yet this depends on the decision of the companies. In fact, amid the growing trade war between the US and China due to tariffs, many Chinese manufacturers of electronic components are offering up to 5% discount to Indian companies.
According to sources, due to this discount, Indian electronics manufacturers may consider offering some benefits to customers to increase demand. This may make many electronic goods like TVs, fridges, and smartphones cheaper. Experts believe that the trade war will make goods coming from China to the US more expensive, which is likely to cause a huge drop in demand. To increase demand, Chinese manufacturers are giving discounts to Indian companies.
India imports the most electrical and electronic equipment from China, including smartphones, laptops, televisions, and electronic components. In 2022, India imported electrical and electronic equipment worth $30.63 billion. The US's imposition of a 125 percent tariff on China means that goods worth $100 made there will now cost $225 when they go to the US. Due to the high prices of Chinese products in the US, sales will decrease.
