India smacked for illegal tech import tariffs that hurt buyers and exporters everywhere
the ruling as a sign it can use the WTO to defend its interests, and pointed out that US/China trade tensions mean tech manufacturers are moving from China to India to diversify their supply chains.
Yet India’s naughty taxes mean Taiwanese components landing in India can attract tariffs of up to 20 percent!India hopes they won’t: the nation’s “Atmanirbhar Bharat” policy calls for self-reliance in as many fields as possible, plus participation in more links of supply chains. Flouting world trade rules to give local players a leg-up is on-strategy for India.
India intends to appeal the ruling. Which will mean years more talk during which time India grows its tech manufacturing base further.the iPhone-maker’s first retail store in India, an event accompanied by reams of coverage from local media celebrating the fact that Apple’s outsourced manufacturers are expanding their Indian presences. And yeah, thanks for the shiny shop selling stuff a tiny fraction of the population can afford.
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