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No new shocks for Indian steel, aluminium, auto companies

Mint Chennai

|

April 04, 2025

The tariff on auto parts will weigh on Indian suppliers' margins as US car firms cannot pass the entire cost hike to customers

-┬аNehal Chaliawala

No new shocks for Indian steel, aluminium, auto companies

Indian steel and automotive companies will face no additional trade barriers over and above the previously announced 25% import duties, according to a fact sheet published by the White House shortly after US President Donald Trump announced additional reciprocal tariffs of 27% on Indian goods on Wednesday.

Steel and aluminium articles, and automobiles and auto parts, on which Trump earlier announced blanket 25% tariffs, would be exempt from Wednesday's reciprocal tariffs, the White House said.

Mint Chennai

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Mint Chennai рд╕реЗ рдФрд░ рдХрд╣рд╛рдирд┐рдпрд╛рдБ

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