TRUMP’s TAX TARIFF effect on Indian sectors Automobiles, Key highlights, List of reciprocal tariffs and Auto Industry Reactions
By Akash Patil
05 Apr 2025 | 13:24:26
Donald Trump announced a 25% tariff on vehicles not assembled in the US, effective April 3. Auto parts exports from India may see a slight slowdown as US President Donald Trump’s 25 per cent tariff could increase car prices for buyers by 8–25 per cent, thereby affecting demand. Even foreign-made components used in vehicles assembled domestically will be subject to these tariffs, complicating the supply chain for many automakers.