support@headlinenews360.com
Trump Tariff: South Korean legendary tech company Samsung is thinking of shifting some part of its smartphone and electronics manufacturing in India amidst heavy American tariffs on Vietnam. According to the Moneycontrol report, a source who is aware of the case said, yes, talks are going on with electronic manufacturers in India. Many of these companies also have old partners.
Many more companies in the queue
He further said, not only Samsung, many more companies are also exploring the possibilities of shifting their production to India. A day earlier, Google’s parent company Alphabet Inc. A part of the production of Pixel smartphone with its contract manufacturing partners – Dixon Technologies and Foxconn in India came out of the news of starting a discussion from Vietnam to shift from Vietnam."text-align: justify;"> Samsung’s manufacturing hub has been Vietnam
Vietnam has been a major manufacturing hub of Samsung. In the financial year 2024, the company exported mobile phones and spare parts worth more than $ 52 billion from here, which is 9 percent of Vietnam’s total trade.
Vietnam’s Electronics Export reached $ 142 billion last year, which is five times more than $ 29.2 billion exported in India in FY 2024. Before Samsung and Alphabet, Apple products have already been assembled in India. In such a situation, it can be said that in the coming time, India emerged as a major electronics supply chain in the world. & Nbsp;
So much tariff imposed on Vietnam
Let us know that the government of Donald Trump in America has announced 46 percent tariff on Vietnamese imports, while India has imposed 26 percent tariffs. Meanwhile, the US has banned the tariffs imposed on all other countries except China for 90 days. & Nbsp;
ये भी पढ़ें:
Adani Energy Solutions: 79 percent profit increased in the fourth quarter, investors broken on the company shares Tariff (T) Vietnam (T) Samsung (T) Business News
Source link
