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Auto, pharma industries seek phased tariffs to avoid disruption
Business Standard
|April 02, 2025
As US President Donald Trump prepares to announce a sweeping tariff plan this week, both the automotive and pharmaceutical industries are making last-minute efforts to influence the administration's approach, urging for phased tariffs to avoid economic disruption.
In the auto industry, major US auto manufacturers, including Ford, General Motors (GM), and Stellantis, are lobbying for exemptions on certain low-cost car parts ahead of planned tariffs. Set to take effect on April 3, 25 per cent tariff on fully assembled vehicles, followed by additional levies on parts like engines and transmissions starting May 3, are seen as a way to bolster domestic manufacturing.
Cette histoire est tirée de l'édition April 02, 2025 de Business Standard.
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