- Thursday, April 25, 2024
By: Radhakrishna N S
India said on Thursday (11) that it will raise import tariffs on several electronic items and communication devices, in another move to rein in imports and bolster a falling rupee. The tariff hike, the second such move by India in a two week span, was announced late on Thursday by New Delhi as it attempts to raise import barriers to curtail the import of goods it deems as ‘non-essential’ items. The latest set of increased tariffs could ratchet up trade tensions with the United States and China, among other countries and hurt the likes of network equipment makers such as…
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