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No new shocks for Indian steel, aluminium, auto companies
Mint Mumbai
|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
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.
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