Trump's Tariff Shock: Indian Auto Parts Face US Market Headwinds

Trump’s Tariff Shock: Indian Auto Parts Face US Market Headwinds

Indian auto component exporters are bracing for a significant challenge in the US market. A recent ICRA report highlights the detrimental impact of a 25 per cent tariff imposed by the then US President Donald Trump on Indian goods.

This steep increase in import duties puts Indian manufacturers at a considerable disadvantage against competitors from other nations. The report underscores the potential for reduced export volumes and profitability.

The ICRA analysis projects a decline in market share for Indian auto component suppliers in the US, impacting overall industry growth and employment.

This development underscores the vulnerability of Indian businesses to protectionist trade policies from major global markets. The government needs to proactively explore strategies to mitigate the impact on this crucial export sector and safeguard the livelihoods of thousands of workers.

Karanveer Sharma

A dedicated journalist and legal expert with a passion for uncovering the truth and advocating for justice. With hands-on experience in investigative journalism, legal research, and case analysis, I possess a strong ability to break down complex legal and societal issues into clear, impactful narratives. My work is driven by a commitment to transparency, integrity, and empowering people with accurate, insightful information.