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Trump Hints at Relief for Automakers
The New Indian Express Shivamogga
|April 16, 2025
THE country's automotive industry, especially the component manufacturers, may breathe a sigh of relief as US President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.
Investors welcomed the development as shares of Tata Motors, Samvardhana Motherson and Sona BLW gained up to 8% on Tuesday. The Trump administration had last month announced a 25% tariff on imports of automobiles and some components. The new tariffs will apply
This story is from the April 16, 2025 edition of The New Indian Express Shivamogga.
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