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Auto parts exports to lose edge
Mint Hyderabad
|August 01, 2025
India's $111 billion auto components industry faces a fresh threat after US President Donald Trump announced a 25% tariff on Indian goods, denting the sector's edge in its largest export market.
The latest levy, revealed on Wednesday evening, slightly moderates the 26% rate proposed in Trump's April Liberation Day speech. But even at 25%, it places India at a disadvantage compared to other Asian exporters—Japan faces a 15% tariff, Vietnam 20%, and Indonesia 19%.
This story is from the August 01, 2025 edition of Mint Hyderabad.
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