India set to raise import tariffs – Smartphones, smart watches to get expensive

India 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 Cisco Systems Inc, Huawei Technologies Co, ZTE Corp , Ericsson, Nokia and Samsung Electronics.

It was not immediately clear how much of a tariff increase is being levied on each specific item, but the Indian government listed several items that could be impacted including wearables like smart watches, Voice over Internet Protocol equipment and phones, and ethernet switches, among other items.

The plan, which becomes effective on Friday, will potentially also hurt Indian telecoms carriers such as Reliance Jio Infocomm , Bharti Airtel and Idea, said Neil Shah of tech research firm Counterpoint.

 

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