Trump imposes 25% tariff on car imports; Indian auto component industry faces impact


Daijiworld Media Network- Washington

Washington, Mar 27: In a major policy shift, US president Donald Trump has announced a 25% tariff on imported automobiles, a move that could have significant repercussions for Indian auto component manufacturers supplying to the American market.

The tariff increase, aimed at protecting US automakers, is expected to disrupt supply chains and raise costs for companies that rely on Indian-made parts. India is a key supplier of auto components to the US, and industry experts fear that these tariffs could dampen exports and affect job creation in the sector.

Leading Indian auto component manufacturers have expressed concern over the move, stating that higher tariffs could reduce demand for their products in the US market. Some companies are now exploring alternative markets to counterbalance the potential losses.

Automotive industry bodies have urged the Indian government to intervene diplomatically, seeking exemptions or negotiations to safeguard India’s interests.

The decision has drawn criticism from several trade partners and global auto manufacturers, who argue that such protectionist measures could trigger retaliatory tariffs and disrupt international trade relations.

With the US being a major export destination for Indian auto parts, industry watchers are keenly awaiting further developments and potential countermeasures from India.

  

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Title: Trump imposes 25% tariff on car imports; Indian auto component industry faces impact



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