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India’s booming electronics manufacturing industry is being tarnished by high input tariffs, resulting in cost disabilities and increasing cost of production, according to a report by India Cellular and Electronics Association(ICEA).
In a comparative study of input tariffs across India, China, Vietnam, Thailand, and Mexico covering 120 key components, the India Cellular and Electronics Association found that increasing tariffs on inputs increases the cost of production, thereby reducing the competitiveness of India in electronics manufacturing, for both finished products and inputs in global value chains.
“The high input tariffs are completely incompatible with India’s exports ambitions and put us at a massive disadvantage with countries like China, Vietnam, Mexico and Thailand,” India Cellular and Electronics Association (ICEA) said.
trying to get back from the mission. >> soon has not been defind. as you can see, there's increased activity. the seens, they're saying a dangerous explosives. we will corporate to follow every detail. david mckenzie is outside the cave. moving to another story here in the u.s., the u.s. and cheen nah in the middle of this growing trade war. it's about to affect you. washington put tariffs on $34 billion of chinese goods. beijing quick to respond. 1,300 products will become more expensive. cnn's alison kosik has more on what this means for the markets. >> reporter: it's a tale of two economies. in the u.s., jobs booming, businesses adding more than 213,000 jobs in june. it's a seen of a strong healthy economy. the unemployment rate rose from 3.8% to 4% but for the right reason. a half million people came off the sidelines and re-entered the labor market.
last. jillian: 25 minutes after the hour, first the president put tariffs on chinese steel and aluminum. >> if they charge us, we charge them the same thing. jillian: now china hits back, brand new retaliation next. rob: it wasn't from a bunny, nypd cop delivers a baby right on the streets of new york, wow. jillian: first the white house easter egg roll is today and abby huntsman is live, we heard she's going quiz us, i'm getting nervous, that's coming up. stay tune. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase relieves your worst symptoms including nasal congestion, which most pills don't. flonase helps block 6 key inflammatory substances. most pills only block one. flonase.
hurtful because it lets korea off the hook. i don't know why that happened. we saw in youngstown, down the road from loraine, when the itc put tariffs on chinese tubing, the same oil country tubular goods we saw 1 billion dollar steel mill get invested in youngstown, ohio. that's what happens when you have firm trade policies with these countries and now seeing the opposite of what happens when you don't enforce trade laws and level the playing field, you get job loss, and good solid middle class job loss. >> john boehner runs around -- he's from ohio -- asking where are the jobs? he never talks about bad trade agreements and this is the product of a lousy trade agreement. how about the product coming from south korea versus the product here made in america? what about quality? >> well, i don't think anyone can compete at this point especially in oil country tubular goods. and we have a competitive and