What are the recent US tariff changes affecting Indian goods?

US tariffs on Indian goods are set to be reduced to 10%, but companies are awaiting detailed policy clarifications.

Which Indian industries will be impacted by the new US tariff policy?

While the steel sector is not directly impacted, downstream industries exporting to the US, such as auto component manufacturers, may face changes.

Are the India-US trade deal discussions still ongoing?

Yes, according to Tata Steel MD TV Narendran, discussions for the broader India-US trade agreement appear to be progressing as planned.

Home / Business and Economy / US Tariffs: India Awaits Policy Clarity

US Tariffs: India Awaits Policy Clarity

21 Feb

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Summary

US tariff reductions on Indian goods are confirmed, pending policy details.
Downstream industries, not steel itself, face potential tariff impacts.
India-US trade deal talks are reportedly on track despite uncertainties.

US tariff reductions on Indian goods are confirmed, with a 10% rate now specified. However, companies are awaiting detailed policy clarifications before assessing the long-term effects, stated Tata Steel Managing Director TV Narendran. The steel sector itself is not directly impacted, but industries like auto component manufacturers that export to the US could experience changes.

Narendran highlighted the operational challenges of global manufacturing, emphasizing that supply chains require significant time to adjust to policy changes. Shipments to the US can take one to two months, limiting immediate corporate responses. Therefore, uncertainty remains the primary takeaway for businesses currently.