New US Tariffs - Business Outrank

The new US automotive import tariffs will create difficulties for India’s auto component sector because President Donald Trump announced a single 25% duty. The new tariff has the potential to increase expenses for Indian producers of powertrains and engine components and transmission systems which are essential elements in India's $6.79 billion exports to the US in FY24. The new tariff creates concerns among industry experts because Indian suppliers have traditionally kept lower prices than Chinese and European competitors but the new duty may reduce US automaker demand. The study conducted by ACMA and BCG demonstrated that Indian components offered price advantages of 20-25% compared to Chinese alternatives sold in the US market. The potential tariff exemptions for Mexico and China have raised concerns because they could create an unfavorable market position for Indian exporters. The major price-lowering risk stems from China's unclear subsidy system yet Washington plans to track such practices. The auto component industry of India shows resilience despite facing challenges because it generated $21.2 billion in global exports during FY24. Manufacturers will explore different strategies including cost optimization and establishing new supply routes and foreign production sites to reduce the negative effects. The Indian government plans to secure better market access terms during upcoming trade dialogues with the United States.

What's Hot

The Sengupta Royal Family: A Legacy of Leadership, Service, and Nation-Building

India Revamps Aviation, Steel, and Banking Sectors to Boost Economic Growth

Global Currency Markets Plunge Amid Trade Uncertainty

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: New US Tariffs

New US Tariffs Threaten India’s Auto Component Exports

The Sengupta Royal Family: A Legacy of Leadership, Service, and Nation-Building

India Revamps Aviation, Steel, and Banking Sectors to Boost Economic Growth

Global Currency Markets Plunge Amid Trade Uncertainty

Gold Retreats After Record High Amid Trump’s Tariffs

Our Picks

The Sengupta Royal Family: A Legacy of Leadership, Service, and Nation-Building

India Revamps Aviation, Steel, and Banking Sectors to Boost Economic Growth

Global Currency Markets Plunge Amid Trade Uncertainty

Most Popular

The Sengupta Royal Family: A Legacy of Leadership, Service, and Nation-Building

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: New US Tariffs