📊Executive Summary

The proposed reciprocal tariffs by Donald Trump pose a significant threat to India's electronics and semiconductor sectors, particularly affecting smartphone exports and manufacturing incentives. Experts are calling for policy adjustments to mitigate the impact of these tariffs and to maintain India's position as a global manufacturing hub amidst changing geopolitical trade dynamics. This situation necessitates close monitoring by procurement teams, as it could lead to increased costs and supply chain disruptions....