7 hrs ago
India Raises Toy Tariffs Amid Reliance on Chinese Imports
India wants to improve its economic relationship with China.
Imported toys are one example of the issue.
Six years ago, India increased taxes on toys brought in from other countries.
The tax first went from 20% to 60%.
It later rose to 70%.
India said the changes were meant to help its own toy makers.
They were also intended to keep substandard toys out of the market.
The article presents toy imports as part of a wider economic challenge.
India’s relationship with China is presented as an economic challenge.
Toy shops are used to illustrate the issue of imported goods.
Six years ago, India raised tariffs on imported toys.
The tariff increased from 20% to 60%, and eventually to 70%.
India said the measures aimed to promote local manufacturing and keep substandard toys out of its market.
- Who
- India
- What
- India raised tariffs on imported toys, from 20% to 60% and eventually 70%.
- Where
- India.
- When
- Six years ago.
- Why
- To push local manufacturing and keep substandard toys out of the market.
Key facts
- Product discussed
- Imported toys
- Initial tariff
- 20%
- First increase
- 60%
- Later tariff
- 70%
- Timing
- Six years ago
- Stated aims
- Promote local manufacturing and keep substandard toys out of the market
Sources
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